Guardian Analytics Secures $4.5 Million in Series B Funding From Foundation Capital

Company Emerges from Stealth with New Approach to Preventing Online Account Fraud

LOS ALTOS, Calif. , Oct. 1, 2007 — Guardian Analytics, Inc. , a fraud prevention solution provider for protecting online channels, today announced the completion of $4.5 million in Series B financing from Foundation Capital of Menlo Park, Calif. The company will use the Series B funding to launch the company and its fraud prevention solution into the market and quickly expand product development, marketing and sales efforts. Today’s round brings the total amount of funding the company has secured to date to $5.75 million, all from Foundation Capital.

Guardian Analytics provides financial institutions such as banks, credit unions and brokerages with a comprehensive real-time risk management solution for online fraud detection, forensics and ongoing risk monitoring. Based on strong analytics and rich, predictive models of individual behavior, the unique solution automatically detects new threats and dynamically adjusts to the changing behavior of customers and fraudsters. The result is better fraud prevention through earlier detection, actionable analysis and increased visibility into suspicious online activity.

“Guardian Analytics understands the complexity of the online fraud problem and has built a solution specifically to address those challenges,” said Warren Weiss, general partner, Foundation Capital. “As fraudsters continue to innovate at an alarming pace, the inadequacies of current fraud prevention solutions have been exposed. Guardian Analytics’ depth of technology and breadth of product vision represents a new approach for this growing market opportunity. ”

“Financial institutions continue to tell us about the strategic importance of the online channel and how authentication-oriented security solutions fail to provide the level of protection they need,” said Tom Miltonberger, president, CEO and founder, Guardian Analytics. “This funding allows us to aggressively enter the market to help these organizations better protect their online services and ultimately increase use. We’re fortunate to have the depth of industry experience and commitment to the market that Foundation Capital offers. ”

About Foundation Capital
Founded in 1995, Foundation Capital is a venture capital firm committed to supporting entrepreneurs and their companies, targeting innovative opportunities in cleantech, consumer Internet and infrastructure; telecommunications and networking; and enterprise software and on demand services. Foundation Capital funds total more than $1.7 billion. For more information, visit www.foundationcapital.com or contact Kim Milosevich at (415) 392-8282, kim@outcastpr.com.

About Guardian Analytics
Founded in 2005, Guardian Analytics provides a fraud prevention solution that helps financial institutions protect their online channels. The company’s real-time risk management approach to fraud detection, forensics and risk monitoring is built on strong analytics and rich, predictive models of individual behavior. Headquartered in Los Altos, Calif. , Guardian Analytics is privately held with venture funding from Foundation Capital. For more information, please visit www.guardiananalytics.com.

 

For press inquiries, please contact:

Shannon Hutto
Bateman Group
for Guardian Analytics guardian@bateman-group.com
415-503-1818, ext. 27