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Privacy Protection Firm Raises $15M

ONLINE PRIVACY—U.S.

June 23, 2010

ReputationDefender, a California-based company aimed at helping its customers take control of their online information, announced it has secured $15 million in venture capital. The San Francisco Chronicle reports the company plans to use the funds to expand its management team, develop new products and improve sales efforts. Users pay the company a monthly fee of $9.95 or more to "take charge of their online identity and privacy," the report states, and in return, ReputationDefender pledges to remove online content--including clearing user information from marketing databases--as well as altering browser settings and optimizing search results. In the past year, the company has raised $24 million from investors.
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