ThreatMatrix has raised $12.1 million to help prevent fraud on social networks. This round of funding was led by Tenaya Capital. U.S. Venture Partners, CM Capital, and TVP was also a part of this round.
ThreatMatrix is able to detect fraud on financial, social media, gaming, and e-commerce websites. ThreatMatrix can detect if a user is logging on from a different computer and can authorize payments.
Some of ThreatMatrix’s customers include Offerpal Media, BillMyParents, and OnlineLabels.com. About 25% of ThreatMatrix’s revenue comes from offshore businesses.