Swisscom and Sberbank-backed fraud prevention software provider NetGuardians raised $19.2m to take its total funding to more than $33m.
NetGuardians, a Switzerland-based fraud prevention software provider backed by telecommunications firm Swisscom and financial services firm Sberbank, received CHF17m ($19.2m) in funding yesterday.
The round included investment banking firm Pictet Group and investment group Ace & Company, and it increased the company’s overall funding to more than $33m.
Founded in 2007, NetGuardians offers fraud detection software used by more than 50 banks to predict fraudulent activities without frustrating genuine customers. The funding will help it respond to product demand.
The…
