Digital identity company ThreatMetrix has confirmed $30 million of mezzanine growth financing from existing partner Silicon Valley Bank. That brings ThreatMetrix’s total financing to $84 million. The finances will be allocated toward global sales and marketing expansion along with 2017 business operations.
Silicon Valley Bank managing director Jack Garza explained the bank’s rationale for investing in ThreatMetrix.
“We believe in aligning our efforts with companies that possess a focused management team and clear corporate vision. ThreatMetrix delivers an entirely unique method of global, digital authentication that’s convenient, secure and removes consumer friction from the equation.”
Other ThreatMetrix backers include Adams Street Partners, August Capital, USVP, Tenaya Capital and Talu Ventures.