Cybersecurity startup Guardio has raised $47m from a funding round headed by Tiger Global following three years in beta mode.
The funding round also saw investment from Vintage, Samsung Next, Union and Cerca Partners.
Founded in 2018, Guardio develops tools and products to combat modern web and browser threats. The firm claims its extension now protects over 500k+ users from phishing, scams, and malicious extensions.
According to Coverager, most of Guardio’s customers and based in the US. Currently, a monthly paid subscription starts at $9.
Guardio co-founder and CEO Amos Peled said, “Our idea was to provide end-users and micro businesses like freelancers security solutions at a level which had to date only been accessible for organisations. The big cybersecurity companies don’t provide solutions for a single user or small business as their products are too advanced and too expensive for them.
“We hadn’t raised any external funding until now because it was clear to us that it would be difficult for us to raise funds and that we have a lot to prove as a cybersecurity company that isn’t targeting the enterprise market. We began receiving approaches from investors after our first year because we reached maturity and confidence in our ability to build a brand and increase our sales.”
Copyright © 2021 RegTech Analyst
Copyright © 2018 RegTech Analyst
