Tuesday, October 19, 2010

BlueCava Gets $5M

Irvine-based BlueCava, a firm developing security technology related to device reputation, said Monday that it has raised $5M in a Series A funding round. The round came from Mark Cuban and Tim Headington. According to BlueCava, the funding will go towards growth and global expansion of its technology. BlueCava's technology is focused on device reputation--determining the trustworthiness of e-commerce transactions from PCs, smartphones, video game consoles and set-top boxes, to prevent fraud for online retailers. Cuban joins BlueCava's board along with the investment. Cuban is a billionaire who owns the NBA's Dallas Mavericks; Headington owns oil and gas firm Headington Oil Co. More information »