Guard ID Raises $11M

SAN MATEO, Calif. -- Guard ID Systems, Inc., the developer of the first Internet security solution that combines hardware and software services to protect consumers against online identity theft and fraud, today announced it has completed its Series B financing, raising $11 million. The financing was lead by new investor Prism VentureWorks, with new investor Intersections, Inc. (NASDAQ:INTX) and existing investor Trinity Ventures also participating in the round.

Guard ID Systems has defined the online identity theft protection market with ID Vault’s unique approach of combining secure credential storage hardware with software services,” said Jim Counihan, managing partner with Prism VentureWorks. “Anyone who conducts financial transactions online is vulnerable to online identity theft and fraud, and Guard ID Systems has the right solution to make it safe for consumers to bank and shop online.”

GuardID Systems