41st Parameter Confirms $13M Fundraising

Scottsdale, Arizona-based 41st Parameter, a developer of fraud prevention and online device recognition technology, confirmed it has raised $13M in a Series D funding. The firm said the round came from Georgian Partners, Kleiner Perkins Caufield and Byers (KPBC), Norwest Venture Partners (NVP) and Jafco Ventures. The funding had been disclosed via regulatory filing earlier this month. 41st Parameter said the funds will go to furhter its R&D, and also to expand in Silicon Valley, where it has an office. More information »