TeleSign, a Los Angeles, CA-based provider of mobile phone-based verification tools for online accounts, has received a strategic investment from Australia’s Telstra Ventures.
The amount of the transaction was not disclosed.
The company will use the proceeds to accelerate growth in the Asia Pacific market.
Led by Steve Jillings, CEO, TeleSign provides large companies in banking, entertainment and eCommerce industries with a platform to manage and maintain the integrity of their customer networks by detecting suspicious users before account creation, and protecting their existing users from account compromise.
Its Mobile Identity Platform combines phone-based verification with data to help businesses detect a suspicious user before issuing a new account and better protect existing users from account compromise.
The solution currently protects more than 3.5 billion accounts in over 200 countries, offering services in 85+ languages.
The company recently closed a USD$40m Series B financing round, to invest in new innovation and growth opportunities (read here).
FinSMEs
04/07/2014