October 22, 2008 4:47 PM PDT
Trusteer raises $6 million in VC funding
Trusteer, a provider of Web security services, has raised $6 million in Series B venture capital funding, the company announced on Wednesday.
The round was led by U.S. Venture Partners. Steve Krausz, general partner for the VC firm, is joining Trusteer's board of directors.
The timing might seem odd for funding a company that serves the financial industry given the economic downturn propelled by the credit crisis. But Krausz said the market opportunity is significant for Trusteer's software, which protects online banking, brokerage, health care and retail applications from fraud, even when a user's computer is infected with malware.
Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service, and the Associated Press. E-mail Elinor.
