Garrison raises $30m to boost web-browsing security

Garrison, a startup offering ultra-secure web browsing technology, has raised $30m in a new funding round.

The investment was led by London-based VC Dawn Capital, with contributions also coming from previous investors BGF, IP Group and NM Capital. This investment round brings the company’s total funding efforts to more than $50m.

Through the new boost in funding, Garrison will look to increase its sales and marketing activities, bolster its engineering team and enhance its offering.

Founded in 2014, Garrison’s goal is to allow users to click on links and access any content on the web without any risks. The UK-based company helps to prevent cyberattacks by implementing a gap between the internet and end-user’s device. This way means the malicious content doesn’t make direct contact with the user.

The company has witnessed strong growth over the past year, having nearly doubled its headcount to 50 people, appointed former Arm president to its board and moved operations into the US.

Garrison CEO David Garfield said, “Organisations today recognise the ever-growing threat to their most sensitive data and systems posed simply by allowing employees to browse the web, but until now they’ve faced an unhappy choice: restrict web access and allow productivity to suffer, or run the risk of exposure to hackers.

“We’ve designed the world’s first truly secure web browser to solve this problem, applying national-security-grade levels of protection to the commercial environment – at an accessible price point – in a way that doesn’t destroy the user experience as employees go about their work.”

This investment comes after a recent flurry of deals in the cybersecurity space by Dawn Capital, marking its third this week.

Earlier in the week, Dawn Capital led the £12m funding round of secure communications platform ZIVVER and the €2.5m Series A of gamified cybersecurity training platform HoxHunt.

Copyright © 2018 FinTech Global

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