RED HERRING -- Mar 27 -- Fraud protection service firm Iovation capped a $15m funding round with a $5m investment from SAP Ventures and European Founders. The initial $10m investment was made by Intel Capital. iovation markets a hosted service which tracks and identifies the devices used by people to commit online fraud on commercial sites or to harass users of social networking and dating sites. The company also creates a database of suspect devices gleaned from each of its customers which is then shared among all of Iovation's customers.
The full article was originally published at Red Herring, but is no longer available.
Mark Brooks: Wow! This is one of the biggest votes of confidence I've ever seen. I'm proud to have iovation as a client (of Courtland Brooks), and a sponsor of Online Personals Watch and Social Networking Watch. If you would like to wipe out scamming activity on your dating or social networking site, iovation is the way to go. You can email me at firstname.lastname@example.org to schedule a 45 minute introductory demo of iovation's dating and SNS products.