US-based cybersecurity company Tyfone raised $6.6m in a series C round led by patent risk management services provider RPX on Monday.
In-Q-Tel, the venture capital fund investing on behalf of US Central Intelligence Agency (CIA), also contributed funding alongside a range of individual investors including retired general David Petraeus. The round is officially still open to additional investors.
Founded in 2004, Tyfone has built an online security platform that facilitates identity authentification and contactless financial transactions using devices such as smartphones, dedicated USB sticks and a debit card-like product.
The capital will go towards increasing Tyfone’s global market share and scaling its mobile banking and payments services. Geoffrey Barker, executive director and co-founder of RPX, is joining Tyfone’s board of directors.
Tyfone raised a $5m series B round in 2010 featuring mortgage lender HDFC, financial technology services provider Polaris Software Lab and venture capital firm Ojas Venture Partners, as well as an unnamed manufacturing company. Ojas had provided an undisclosed amount in series A funding in 2008.
Tyfone also obtained $300,000 in combined equity funding and debt financing in 2012, as well as a total of $450,000 in seed funding across two rounds in 2004 and 2006, according to regulatory filings.