Guardian Analytics builds FraudMAP, a behavioral-analytics platform that captures typical online banking user habits to predict behavior and detect anomalies. Its product set includes self-learning tools such as a Risk Engine and a Risk Application for anomaly detection and transaction monitoring. The company says its service catches fraud others miss and is affordable for regional and community banks. Guardian works with 15 different financial companies across retail and business banking and competes with firms such as RSA and Actimize. The company reported rapid customer growth in 2010 (customer base up 2,000% and 134% growth in H2 vs H1) and has 29 employees. Guardian plans to use the new funding to accelerate sales and expand product development for anomaly detection and transaction monitoring. Guardian Analytics offers FraudMAP, a data-capture and analytics platform that models online bank user behavior and uses self-learning tools (a Risk Engine and Risk Application) to detect anomalous transactions that may indicate account takeover. The company says its approach differs from rule-based rivals such as Actimize, Entrust and RSA by continuously adapting to evolving attack patterns. Guardian will use the new funding to accelerate product innovation and expand sales and marketing. It does not disclose revenues but reports revenue up 300% year over year and a 100% customer renewal rate. Customer traction has grown from three banks a year ago to 25 banks today. Guardian was founded in 2005 and is based in Los Altos, Calif., and it has 27 employees. Guardian Analytics builds analytics tools that analyze online user behavior to detect fraud threats. The company provides its services to banks, credit unions, and brokerages and advises clients on how to respond to detected threats. It is based in Los Altos, Calif., and is described in the article as a two-year-old company. Guardian Analytics recently raised $4.5 million in a second round of financing. Foundation Capital led the investment and had previously invested $1.25 million in the firm's seed round. The article focuses on the product offering and financing; no revenue or user metrics are provided.

Total raised

$25M

Funding rounds

3

Latest round

Series D

Latest activity

Mar 2011