Can OpenID Be Commercialized? Investors Bet $3.25 Million On JanRain

JanRain has always been on the forefront evangelizing OpenID, the decentralized authentication method for the new Web, as a founding member of the OpenID Foundation. The company just got a vote of confidence from three U.S.-based venture capital firms: we’ve learned that the startup has recently raised a $3.25 million Series A round of financing led by DFJ Frontier with participation from RPM Ventures and Anthem Venture Partners.

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