LOS ALTOS, Calif. -- Guardian Analytics, Inc., a fraud prevention solution provider for protecting online channels, today announced the completion of $4.5 million in Series B financing from Foundation Capital of Menlo Park, Calif. The company will use the Series B funding to launch the company and its fraud prevention solution into the market and quickly expand product development, marketing and sales efforts. Todays round brings the total amount of funding the company has secured to date to $5.75 million, all from Foundation Capital.
Guardian Analytics provides financial institutions such as banks, credit unions and brokerages with a comprehensive real-time risk management solution for online fraud detection, forensics and ongoing risk monitoring. Based on strong analytics and rich, predictive models of individual behavior, the unique solution automatically detects new threats and dynamically adjusts to the changing behavior of customers and fraudsters. The result is better fraud prevention through earlier detection, actionable analysis and increased visibility into suspicious online activity.
Guardian Analytics understands the complexity of the online fraud problem and has built a solution specifically to address those challenges, said Warren Weiss, general partner, Foundation Capital. As fraudsters continue to innovate at an alarming pace, the inadequacies of current fraud prevention solutions have been exposed. Guardian Analytics depth of technology and breadth of product vision represents a new approach for this growing market opportunity.