Guardian Analytics Raises $11 Million In Venture Funding
LOS ALTOS, Calif. – Guardian Analytics, provider of a popular online security system for credit unions and banks, has secured $11 million in new funding from venture capital firm Split Rock Partners and existing investors Foundation Capital and Sutter Hill Ventures.
Before today, Guardian Analytics had collected nearly $15 million across three successively larger rounds.
FraudMAP is Guardian Analytics’ flagship product, a SaaS-based solution that helps credit unions and banks detect online fraud attacks and other significant security mishaps. The company boasts that it proactively prevents Automated Clearing House, wire and bill pay fraud. Guardian Analytics said it seeks to help financial groups feel more secure about hosting online services that must handle sensitive data.