Whalebone, a cybersecurity firm specialising in protecting telecommunications networks, has raised €13.35m ($14m) in Series B funding.
The investment round was led by London-based Unbound, with participation from existing investors, including Day One Capital and early angel investors.
The funding will support Whalebone’s strategic initiatives, including global expansion, customer success enhancements, and accelerating its product roadmap. The company also aims to strengthen its presence in the enterprise and public sectors while boosting its threat intelligence capabilities.
Whalebone provides cybersecurity solutions tailored for telecommunications providers, enterprises, and public institutions. The company’s technology delivers seamless protection against malware, phishing, and ransomware attacks, ensuring a secure digital environment without requiring software installation. Its technology is used by financial institutions to protect staff from online threats.
With this latest investment, Whalebone plans to scale its operations and further its mission to protect one billion people worldwide.
The funding announcement follows Whalebone’s recent expansion into the APAC region, securing partnerships with major telecom providers, including Smart Axiata in Cambodia, Tele2 Kazakhstan, Vietnamobile, and Dhiraagu in the Maldives.
Unbound CEO Shravin Bharti Mittal said, “Our deep firsthand understanding of telecoms gives us a clear view of the challenges in building a telco-first cybersecurity solution, and we are impressed by how Whalebone has created a proposition that benefits both operators and their subscribers. We are thrilled to lead this investment and look forward to leveraging our experience and networks to fuel Whalebone’s next stage of growth.”
Vikram Dhingra, managing director at Unbound, added, “As the rise of mobile-first banking and payments makes individuals more susceptible to cyberattacks, there is a need for a new kind of cybersecurity solution to protect them. We believe Embedded Cybersecurity will power this next wave of digital protection for individuals and SMBs, and Whalebone is clearly leading the way. We really liked Whalebone’s bold ambition of protecting 1 billion users, and thoughtful approach to scaling the company.
“Whalebone’s unique ability to expand its security solutions across telcos, enterprises and public institutions worldwide – not just in Europe but also in LATAM, APAC and MEA – makes it a standout company for us.”
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