Sqreen, an application security management company, has secured $14m in its Series A round which was led by Greylock Partners.
Other contributions to the round came from Y Combinator, and previous backers including Alven Capital and Point Nine. To date, the company has raised a total of $18m in equity funding.
As part of the deal, Greylock partner Sarah Guo will join the company’s board of directors.
Sqreen is a cybersecurity company which helps businesses to identify and automatically protect themselves from threats, all in real-time. It uses dynamic instrumentation logic to identify malicious activity within a web application. These protection modules include runtime application self-protection, in-app web application firewall, and account take-over protection, among others.
The company also supplies businesses with detailed security analytics to help improve the response to attacks.
Its technology is currently used by over 500 companies around the world, and being a hybrid SaaS architecture, enables instant and safe deployment through micro agents.
Greylock partner Sarah Guo said, “The state of the art for application security is outdated and complex with approaches that don’t work in production, slow down app development, and are expensive to use and maintain. Today every company is a software company, and Sqreen supports that by putting a scalable security solution in the hands of developers, operations and security teams.
“Just as application performance has become key to every digital business, and APM is embedded in every app that matters, application security will too. Sqreen’s fresh approach is a paradigm shift — a unique platform that eliminates the tradeoff between innovation and security.”
Earlier in the year, Greylock took part in the $261m Series E round of Rubrik, a software platform designed to help companies protect and manage their data stored on the cloud.
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