SEATTLE CyberSafe Corp., which sells security software to financial institutions, says it raised $21 million in a recent round of private equity financing.
The lead investors were Oak Investments, Financial Technology Ventures, and Accel Partners.
The funds will be used to develop CyberSafes Centrax audit and misuse-detection software and other CyberSafe product and service offerings, said Jim Cannavino, CyberSafes chief executive officer and chairman.
The company also announced it has appointed Richard N. Garman, general partner of Financial Technology Ventures, to its board of directors.
CyberSafe customers include Wells Fargo & Co., Morgan Stanley Dean Witter & Co., Deutsche Bank, UBS, and Credit Suisse First Boston.