Deal Announcements

41st Parameter Adds $13 Million VC Investment

Friday, April 06, 2012 5:33:00 AM PDT | VentureDeal Staff

   Scottsdale, Arizona  --  IT company 41st Parameter has received $13 million in new venture capital investment, according to an SEC regulatory filing.

41st Parameter has developed what it calls "highly accurate, non-intrusive fraud control measures for the online channel."

Investors in the financing were not disclosed, nor was how the company intends proceeds.

41st Parameter is still seeking $2 million in additional financing, according to the filing.

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