Arcot Systems pulls down $23 million for digital authentication
As more people handle tasks that require personal verification online, digital signatures are increasingly important.
Arcot Systems, which does digital-based signatures has raised a second round of funding. The money will no doubt be used to expand its operations in digital authentication.
The $23 million round was participated in by Accel Partners, Goldman Sachs, ONSET Ventures, Granite Ventures and Vedanta Capita.
The Sunnvale, Calif.-based Arcot Systems recently developed a token that Google can give business users of its online application suite so they are more secure.
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About the Author, MG Siegler
MG Siegler writes about technology trends and new media for VentureBeat, with a focus on mobile topics, social elements and key news stories. Before that, MG wrote about technology on his blog, ParisLemon. Originally from Ohio, MG attended the University of Michigan where he studied film. He's previously lived in Los Angeles where he worked in Hollywood and in San Diego where he did web development. He now lives in San Francisco.