Trusteer nabs $6M for financial security software
Financial security software provider Trusteer raised $6M in second-round financing all from U.S. Venture Partners. It plans to use the money to expand its sales and marketing operations and to continue research and development of its fraud-prevention applications.
The Tel Aviv-based company tailors its software to banks, financial brokerages, healthcare providers and retailers to secure communications with their customers and detect identity theft. These institutions provide the Trusteer software, called Rapport, for users to download from their sites. The download secures the transaction on both ends, even if a customer’s computer has been infected by malware.
Trusteer previously raised $4 million in a first round of funding from Shlomo Kramer, a cofounder of Check Point Software Technologies. It is working with six financial institutions, including ING Direct and Siebert Financial.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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