ThreatMetrix, a cyber security technology company, announced Tuesday that it raised $18 million in a financing round.
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August Capital led the round, which included investors Tenaya Capital, US Venture Partners and CM Capital. Vivek Mehra, a general partner in August Capital, is joining the ThreatMetrix board.
The San Jose, Calif.-based company plans to use the funding to continue its expansion into financial services, e-commerce and other markets.
"The previously separate worlds of fraud and security are converging," said Mehra in a press release. "ThreatMetrix is ideally situated to help companies and government entities reduce fraud losses while preventing data breaches from stolen identities."
