Digital Tempest, an Irvine company that provides e-commerce payment services to online merchants, has secured $5.7 million in first-round venture capital funding from Angel Investors LP of Palo Alto and several individuals.
The money will help the year-old company launch its payment service, which its founders promise will be faster and more secure than systems in place now.
CEO David Sessions said the funding also will lend credibility to the company as it seeks out new partnerships and customers. It already has deals with some of the biggest names in the business, including Sun Microsystems, Network Appliance Corp. and Oracle Corp., he said.
