Tuesday, May 29, 2007

ChosenSecurity Raises $8.5 Million in First Round - Needham, MA

ChosenSecurity, a Needham-based provider of identity verification and security technology, has raised $8.5 million in its first round of venture capital, led by .406 Ventures. ChosenSecurity was formed as a spin-off from GeoTrust prior to the company's acquisition in 2006 by VeriSign. Castile Ventures and Prism VentureWorks, both prior investors in GeoTrust, also participated in this investment round for ChosenSecurity, which said that the funding will allow it "to rapidly build its sales and marketing operations in the U.S. and Europe."



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