ID Analytics Finds $20M

San Diego-based ID Analytics, a company developing identity fraud prevention products, said today that it has raised $20M in a Series C funding. The new round was led by Investor Growth Capital, and also included existing investors Canaan Partners, Trinity Ventures, and Mission Ventures. ID Analytics said that the new round of funding will go towards expanding its portfolio of products and solutions. Philip Dur of Investor Growth Capital will join the company's board as part of the funding. ID Analytics is developing a real-time, identity fraud prevention network to help screen for credit fraud. More information »