jscrambler, a Portugal-based startup specializing in cyber security products that protect organizations from web data exfiltration attacks, has secured $15 million in Series A funding.
The investment was led by the startup that secured $2.3 million in seed funding two years after Ace Capital Partners and backed by existing investors Sona IM and Portugal Ventures. Jscrambler said it will use the cash injection to “strengthen and accelerate” its product roadmap to meet the growing needs of its customers as threat actors increasingly turn to the Web.
“We are seeing a clear increase in complex attacks targeting the client-side of websites and as of yet there are no simple and effective solutions to combat them,” Rui Ribeiro, co-founder and CEO of JScrambler, told Nerdshala. “This partly stems from misinformation surrounding technologies such as web application firewalls, and a serious lack of current native browser security when it comes to effectively preventing client-side attacks.”
Jscrambler claims that it addresses this shortcoming. Its Code Integrity Tool, which includes polymorphic obfuscation, code locks and self-defending capabilities, scrambles web source code into a form that is extremely difficult to reverse-engineer, preventing organizations from stealing intellectual property, application abuse Helps prevent theft and data leakage.
The startup also provides a Webpage Integrity Module that protects against web supply-chain attacks by detecting any signs of malicious behavior on the client-side and defining rules that effectively block and prevent malicious behavior before it occurs. stop. The tool also helps prevent MazCart web skimming attacks by allowing companies to create rules that effectively prevent skimmers from walking the website and taking out credit card information.
“It marks the beginning of an era where companies will be able to take ownership of their client-side and control everything that happens there,” Ribeiro said.
The startup’s Series A investment will be used to add more capabilities, including: Integrated solution that enables website owners to protect client-side to secure user data and improve compliance with regulations such as Europe’s GDPR, California’s CCPA and US health privacy regulation HIPAA.
Jscrambler, which was founded in 2014 and currently has 40 employees, also announced that Pedro Abreu has joined the startup as an independent board member. Abreu is currently COO at Silicon Valley-based cyber risk startup Exabeam, having previously served as an executive at FourScout and McAfee.