Argentine fraud and identity protection company VU Security has received $12 million in its Series B funding round.

VU Security collected the new funds from software developer Globant, Agrega Partners, NXTP Ventures, Bridge One, IDB Lab and Telefónica.

With the latest investment round, VU Security has so far raised total venture-backed funding of $20 million.

VU Security is planning to use the proceeds from the new financing to hire developers across Europe and in the U.S.