Online Fraud Detection Startup 41st Parameter Raises $13M From Kleiner Perkins And Others

Fraud detection company 41st Parameter has raised $13 million in Series D financing from Georgian Partners, Kleiner Perkins Caufield and Byers (KPBC), Norwest Venture Partners (NVP) and Jafco Ventures. This brings 41st Parameter's total funding to $38 million. 41st Parameter provides companies software, called FraudNet, for detecting and preventing fraud across a number of verticals, including finance, e-commerce, and travel. The company aims to protect against cybercrime threats including card not present fraud, new account origination fraud, phishing and account compromise, credit bust outs, and fraud ring attacks.

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