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FraudSciences Fuels Up With $11 Million Infusion

Thursday, October 11, 2007 5:00:00 AM PDT | VentureDeal Staff

PALO ALTO, CA -- Security company FraudSciences Corp. said that it has closed its second round of venture financing, securing $11 million from a new and existing investor.

FraudSciences provides software that defends against online credit card-not-present fraud.  The company offers a 100 percent guarantee against fraud and chargebacks for all domestic and international online credit card payments.

New investor Redpoint Ventures co-led the round with existing investor BRM Capital.  The company will use the proceeds for sales and marketing expansion.

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