Category: Funding

MyStrands lands $24 million in funding

Yesterday, Corvallis, Oregon, based MyStrands announced that they have secured an additional $24 million in funding, increasing the total capital raised by the company to $55 million. The round, led by Spanish bank Grupo BBVA, is slated primarily for continued research & development and product development.

This round of funding has been covered by TechCrunch and Profy, among others. [Update] And I’ll sheepishly add Portland’s Marshall Kirkpatrick’s coverage of the MyStrands’ funding from Read/Write Web. (I didn’t see it in the trackbacks, I swear! And, seriously, have you ever seen that many possessives in one sentence? I mean, really?)

MyStrands develops technologies to better understand people’s taste and help them discover things they like and didn’t know about. MyStrands has created a social recommender engine that is able to provide real-time recommendations of products and services through computers, mobile phones and other Internet-connected devices. For more information, see MyStrands.

(Hat tip Brooks Jordan)

iovation lands $10 million from Intel Capital

iovation, a Portland-based startup that focuses on combating online fraud—and which also allows you to begin sentences with a lower-case letter—has announced a new round of funding, led by a $10 million investment from Intel Capital. The total round sits at $15 million.

iovation, headquartered in Portland, Oregon pioneered the use of device reputation for managing online fraud, abusive behavior and multi-factor authentication. Today, iovation manages the reputation of millions of Internet-enabled devices worldwide, allowing its customers to control online fraud and abuse while benefiting from sharing device reputation intelligence. For more information on iovation and the company’s products, visit www.iovation.com.

(Hat tip Silicon Forest)

%d bloggers like this: