Intel Capital today announced a $10 million investment in iovation
Intel Capital today announced a $10 million investment in iovation, which provides online security and fraud protection services. This investment is part of a $15 million investment round led by Intel Capital. The funds will be used to accelerate the development and delivery of next-generation fraud and abuse management solutions, broaden the company’s intellectual property portfolio and propel the evolution of online trust.
“The importance of security and fraud protection on the Internet cannot be over valued,” said Arvind Sodhani, president of Intel Capital. “This market segment must stay one step ahead of business needs and our investment should go a long way toward helping iovation provide meaningful online security benefits.” The company provides the first device reputation service aimed at protecting business on the Internet. The real-time service prevents online fraud including charge-backs, identity theft, phishing, click fraud and other abuses of online services such as child predation, stealing or cheating, posting unwanted content, and chat abuse.
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