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Adams Street goes direct with ThreatMetrix investment

28 Mar 2014

ThreatMetrix, provider of context-based security and fraud prevention solutions, today it has closed a $20m Series E round of financing led by private equity investor Adams Street Partners.

All existing ThreatMetrix institutional investors also participating in the investment, it said. Adams Street Partners is also an investor in two of ThreatMetrix’s largest investors, USVP and August Capital.

In a 12-month period ending September 2013, investors poured more than $1.4bn into the cybersecurity market, up 29 percent over the previous year.

“ThreatMetrix has a trusted, compelling cybersecurity solution and extensive market traction that stand out compared to other unproven startups in the industry,” said Dave Welsh, partner, Adams Street Partners. “The cybersecurity industry will only continue to grow in the coming years and ThreatMetrix offers comprehensive technology to protect against evolving risks. Given its already strong base of more than 2,500 customers, we are confident that this financing will position ThreatMetrix for further growth and success across industries and geographies.”

As part of the financing round, Welsh joins the ThreatMetrix board of directors. has experience in the cybersecurity industry and formerly served as the chief strategy officer at McAfee, the world’s largest dedicated security company.

According to Taussig, the company will use the additional financing to continue its successful global expansion in context-based security and advanced fraud prevention.

ThreatMetrix authenticates consumer and workforce access to mission critical applications using real time identity and access analytics that leverage the world’s largest trusted identity network. It also secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches. ThreatMetrix is deployed across a variety of industries, including financial services, enterprise, e-commerce, payments, social networks, government and insurance.

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