Iovation Secures $15M

Medford, Cassimir
March 2008
Red Herring;3/27/2008, p3
Trade Publication
The article reports that $15 million were raised by Iovation in a funding round. The fraud protection service firm obtained a $5 million investment from SAP Ventures and European Founders and $10 million from Intel Capital. The company, which plans to explore joint business opportunities with both Intel and SAP, will use its new cash infusion for research and development (R&D) and sales.


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