Seraphic Security, a leader in enterprise browser security, 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.
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This milestone will enable the organization to accelerate its product roadmap and market expansion in North America and EMEA.
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“With the rise of SaaS applications and a hybrid workforce, browsers have become a critical attack surface for today’s adversaries,” said Michael Sentonas, President, CrowdStrike. “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.”
On the heels of significant growth with a 300% ARR increase YoY, Seraphic has emerged as an enterprise browser security leader with increasing adoption by Fortune 500 enterprises. This momentum stems from Seraphic’s breakthrough approach to browser security: creating a patented abstraction layer that effectively monitors, randomizes and secures the browser.
“Browsers dominate the enterprise, yet they are not secure enough,” said Ray Lane, Managing Partner at GreatPoint Ventures. “Seraphic is emerging as a powerful force in the rapidly growing Enterprise Browser Security market.”
“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,” said Ilan Yeshua, CEO and Co-Founder, Seraphic Security. “Our focus will be on scaling our operations in North America and EMEA, accelerating growth, and continuing to deliver unparalleled value to our customers.”
About Seraphic Security
Seraphic is a leader in the rapidly growing Enterprise Browser Security market, driven by its patented technology that turns any browser into a secure browser with robust protection and detection capabilities. Seamlessly and easily deployed, Seraphic also enables secure access to SaaS and private web applications to employees and third parties from managed and personal devices without the complexity and cost of VDI & VPN. Invisible to the end-user, Seraphic supports all browsers and SaaS desktop applications like Teams, Slack, Discord and WhatsApp.
