Seraphic Security, a leader in enterprise browser security, announced that it has secured a $29 million Series A funding round led by GreatPoint Ventures (GPV), with participation from the CrowdStrike Falcon Fund and existing investors Planven, Cota Capital, Storm Ventures, Eastlink and Secure Octane.
This milestone enables the organization to accelerate its product roadmap and market expansion in North America and EMEA. And on the heels of significant growth with a 300% ARR increase year-over-year, Seraphic has emerged as an enterprise browser security leader with increasing adoption by Fortune 500 enterprises. And this momentum stems from Seraphic’s breakthrough approach to browser security: creating a patented abstraction layer that effectively monitors, randomizes and secures the browser.
KEY QUOTES:
“With the rise of SaaS applications and a hybrid workforce, browsers have become a critical attack surface for today’s adversaries. Seraphic Security’s unique yet simple approach solves a critical gap in enterprise browser security, which is why we invested in this innovative technology and team.”
- Michael Sentonas, President, CrowdStrike
“Browsers dominate the enterprise, yet they are not secure enough. Seraphic is emerging as a powerful force in the rapidly growing Enterprise Browser Security market.”
- Ray Lane, Managing Partner at GreatPoint Ventures
“As enterprises rush to secure the browser, this Series A investment is a testament to the market’s recognition of Seraphic’s innovative approach to addressing a critical and growing need in the enterprise market – helping organizations mitigate browser vulnerabilities while reducing the cost and complexity of their security architecture. Our focus will be on scaling our operations in North America and EMEA, accelerating growth, and continuing to deliver unparalleled value to our customers.”
- Ilan Yeshua, CEO and Co-Founder, Seraphic Security
