Seraphic Security, an enterprise browser security firm, has announced a significant financial milestone, securing a $29m Series A.
The investment was spearheaded by GreatPoint Ventures (GPV) and saw notable participation from the CrowdStrike Falcon Fund, alongside contributions from existing investors Planven, Cota Capital, and Storm Ventures.
The funding aims to propel Seraphic Security’s product development and market expansion across North America and EMEA. This strategic financial injection comes at a time when the company is experiencing substantial growth, with a 300% increase in ARR year-on-year.
At its core, Seraphic Security is revolutionizing browser security. The company has developed a patented abstraction layer that not only monitors and randomizes but also fortifies the security of browsers. This innovative approach is rapidly gaining traction among Fortune 500 companies, positioning Seraphic as a leader in the enterprise browser security landscape.
The newly acquired funds will be instrumental in scaling operations in key regions, accelerating growth, and continuing to provide unmatched value to customers. This effort underscores Seraphic’s commitment to mitigating browser vulnerabilities while simultaneously reducing the complexity and cost of security infrastructures.
Additional insights include remarks from industry leaders who recognize the urgency and necessity of enhanced browser security. “With the rise of SaaS applications and a hybrid workforce, browsers have become a critical attack surface for today’s adversaries,” Michael Sentonas, President at CrowdStrike, noted. He commended Seraphic Security’s straightforward yet effective solution to a pressing enterprise challenge.
“Seraphic is emerging as a powerful force in the rapidly growing Enterprise Browser Security market,” added Ray Lane, Managing Partner at GreatPoint Ventures. Ilan Yeshua, CEO and Co-Founder of Seraphic Security, also highlighted the Series A investment as a testament to the market’s recognition of Seraphic’s contributions to the industry.
Previous investment rounds have also played a crucial role in reaching this stage, with substantial backing from earlier stakeholders contributing to the company’s ongoing success and innovation.
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