Jscrambler, an innovator in client-side protection, announced the completion of a $5.2 million investment round subscribed to exclusively by Iberis Capital. This latest funding builds on a previous $15 million Series A funding round led by Ace Capital Partners with participation from Sonae IM and Portugal Ventures, which also led the company’s initial seed round.
Despite continued growth in client-side threats, many businesses lack the tools to keep user data safe. According to the 2024 Jscrambler report, only 36% of respondents’ companies have policies and tools to prevent data skimming. With this latest funding round, Jscrambler will further accelerate its efforts to help companies securely and cost-effectively achieve PCI DSS v4 compliance ahead of the March 31, 2025 deadline.
PCI DSS v4 requirements 6.4.3 and 11.6.1 are designed to prevent digital skimming attacks on websites that capture payment card data. Along with PCI compliance, this round of funding will also support Jscrambler’s commitment to ongoing research and solution innovation.
Jscrambler is transforming application security while becoming an essential solution for businesses seeking to protect their applications and web pages while ensuring user trust. And by enabling organizations to monitor and safeguard their front-end JavaScript code in real-time, Jscrambler is designed to make client-side security easier to implement, scalable, and focused on threat prevention.
KEY QUOTES:
“Merchants accepting payments face escalating threats like digital skimming, yet many lack the client-side protection tools that are vital to securing customer cardholder data. With the PCI compliance deadline rapidly approaching, the urgency for effective client-side protection solutions has never been greater. This funding round from Iberis Capital will enable us to address this immediate pressing need while accelerating our investments in innovation and research to ensure our clients are always prepared for the challenges of tomorrow.”
- Rui Ribeiro, CEO and co-founder of Jscrambler
“Jscrambler delivers a world-leading technological solution that empowers businesses to protect their websites, meeting the increasing demand for robust digital security. Supported by a leadership team with extensive industry knowledge, Jscrambler is uniquely positioned to lead in client-side security. Iberis is proud to be part of Jscrambler’s journey toward success.”
- João Henriques, Partner at Iberis Capital
