TeleSign Raises $29.0M

Los Angeles-based TeleSign, the provider of telephone-based, Internet fraud prevention and authentication services headed by tech vet Steve Jillings, has raised $29.0M in a funding round, according to a regulatory filing from the firm Thursday. No details on the funding have yet been announced by the company. Greg Goldfarb of Summit Partners has joined the company's board as part of the funding, according to the filing, with a total of four investors participating in the round. TeleSign's services are widely used by tier one, Internet services firms to help prevent fraud on their Internet sites, using phone-based, two-factor authentication services. Jillings is a longtime Southern California technology vet, who has seen major successes with FrontBridge and Vantage Media, among other companies. More information »