FraudSciences Pulls In $11M

Palo Alto-based FraudSciences said today that it has raised $11M in a Series B venture capital round. The investment was led by Redpoint Ventures, with prior investor BRM Capital also participating. FraudSciences is developing online credit card fraud detection and protection analytics technology. FraudSciences said that it will use the funding for late stage development of its managed service. More information »