41st Parameter Raises $13.0M

Scottsdale, Arizona-based 41st Parameter, which develops fraud detection software used by the finacial industry, has raised $13.0M in a new funding round, according to a regulatory filing by the firm this week. According to the filing, the funding is part of an ongoing $15.0M equity raise for the company. Source of the funding has not yet been disclosed by the company. 41st Parameter has previously raised capital from JAFCO, Kleiner Perkins Caufield and Byers, and Norwest Venture Partners. More information »