Good news today for Yaron Samid and his company BillGuard. They’ve received $10 million in a Series B round of funding led by Vinod Khosla (Khosla Ventures), Peter Thiel (Founders Fund), and Eric Schmidt (Innovation Endeavors).
First launched at TechCrunch Disrupt, BillGuard is a cloud-based credit card fraud detection service that helps weed out both mistaken charges from vendors and out-and-out scams launched by cyber-criminals. In August, I spoke to Samid, BillGuard’s co-founder and CEO, and learned that he has big plans for his company, hoping for it to become “the Symantec of personal finance security.”
Congrats to Samid and his team.
I can’t resist. After Thiel’s comments at Singularity Summit 2011 on the public’s perception of technology as magical, I applaud him for funding a company that uses a lot of crowdsourcing and data mining magic to make life a little easier for non-cybernetic humanoid life forms. Thanks Peter!