Silver Tail Systems, a provider of predictive analytics for detection and prevention of online fraud, this morning announced that it has secured an additional round of funding from Citi Ventures, a unit of Citigroup.
This investment, the size of which was not disclosed, is part of a previously announced $20 million Series B funding round led by Andreessen Horowitz (closed in June).
Silver Tail Systems provides on-premise and SaaS solutions to protect operators of online properties that hold critical information, such as e-commerce, financial, government and consumer-facing website publishers and owners, from online fraud and abuse.
The company says it currently monitors more than 750 million users and more than 1.8 billion Web sessions per year.
Silver Tail Systems is the leading provider of predictive analytics to detect and prevent fraud and abuse on websites. Business logic abuse is a rising concern as its extremely difficult to detect and stop, but these hijack threats, velocity attacks and gaming schemes are costing companies millions, if not billions in online fraud. Silver Tail Forensics and Mitigation products use a new generation of detection, efficient investigation and real-time mitigation of events to track suspicious behavior and divert the bad actors,...
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