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ID Experts Raises $27.5 Million In Funding, Spins Off RADAR Business Unit

Rich Abott By
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ID Experts Raises $27.5 Million In Funding, Spins Off RADAR Business Unit

ID Experts, a cyber breach and identity fraud protection company, raised $27.5 million in a round of equity funding and also spun off incident response management software business unit RADAR, as a new company, ID Experts said Thursday and Tuesday, respectively.Healthcare private equity firm Peloton Equity and cybersecurity venture capital firm Trident Capital Cybersecurity participated in the funding along with existing investors BlueCross BlueShield Venture Partners and Sandbox Advantage Fund.ID Experts plans to use the funding to repurchase shares from…

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