Threatmetrix, a US-based online fraud prevention service, has reportedly rejected a strategic investment from its payment processing partner, CyberSource.
In an interview with news provider VentureWire, Reed Taussig, chief executive of Threatmetrix, said it had rejected the investment offer from CyberSource as it was about to be acquired by credit card company Visa for $2bn in April when the $12m round was being closed.
However, in the interview Taussig said a "Visa relationship is possible and probable. Certainly, we’re working together and [our] products could very well find their way into Visa as well".
Tenaya Capital, formerly the venture capital division of bankrupt investment bank Lehman Brothers, led its $12m series C round, alongside peers Technology Venture Partners, CM Capital and US Venture Partners.