Identity Theft Protection Company LifeLock Raises $100M From Kleiner, Symantec; Acquires ID Analytics

Identity theft protection company LifeLock has raised $100 million in new equity funding from existing investors Bessemer Venture Partners, Goldman, Sachs & Co., Kleiner Perkins Caufield & Byers, Symantec Corporation and River Street Management. Additional investors included Industry Ventures, Institutional Venture Partners, Keating Capital, Inc. and Wasatch Advisors? venture capital arm CrossCreek Capital. This brings LifeLock's total funding to $178 million. LifeLock says that the new funding has been used towards the acquisition of ID Analytics, which develops a technology that predicts the likelihood of identity risk associated with an application for credit. Not only does the company evaluate for risk, but similar to LifeLock, also provides consumer protection services against identity theft. The company partners with financial organizations and telecommunications companies.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/w4wgNqgY6IU/

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