Feroot Security, Backed by Y Combinator, Raises $ 2.5 Million Seed Funding, Adds New Advisors
Feroot Security Raises $ 2.5 Million Seed Funding, Adds New Advisors Including Justin Berman (Dropbox), John Skubel (Bugsnag.), Dave Wichers (EY)
– Justin Berman, Advisor for Feroot Security
TORONTO, ON, CANADA, July 20, 2021 /EINPresswire.com/ – Feroot Security, a leading provider of front-end cybersecurity products, today announced the closing of an initial funding of $ 2.5 million by cybersecurity veterans with the help of Y Combinator and several individual tech executives. Seed funding will be used for product development, commercialization and business scale-up.
“Today security teams are asking ‘who is attacking my business and how can I stop them’, but fail to ask ‘who is attacking our customers and users online, and how to stop them’,” said Ivan Tsarynny, co-founder and CEO of Feroot Security. “Vitaliy (Lim, Co-Founder & CTO) and I set out to disrupt the cybersecurity industry by creating a suite of products specifically designed to help businesses ensure they can deliver safe and secure digital experiences to their customers online. Today, the majority of businesses focus primarily on protecting their network – their back-end systems. Front-end security (user side) is the new priority. Businesses don’t always realize that their customers’ private information is left open and vulnerable to customer-side exposures such as eSkimming, Magecart, or Cross-site Scripting (XSS) attacks, when the customer completes online forms, interacts with chatbots, or pay for goods and services online.
Tour investors include:
Jon Oberheide, co-founder / CTO of Duo Security
Kevin Mahaffey, Founder / CTO of Lookout Security
Zane Lackey, Co-founder / CSO of Signal Sciences
Varun Badhwar, Founder / CEO of Redlock
Dave Wichers, Co-Founder / COO of Aspect Security and Managing Director of Ernst & Young
Jenny Yang, CEO and Founder of Metafor Software
Michael Sutton, former Zscaler CISO
Sounil Yu, Former Chief Security Scientist at Bank of America
Among the new advisers joining Feroot Security:
Justin Berman, CISO at Thirty Madison and former Head of Security at Dropbox, as well as former CISO at Zenefits
John Skubel, vice president of sales at Bugsnag and former vice president of sales, West Sales, at Duo Security.
Dave Wichers, Managing Director of Ernst & Young, Co-Founder and COO of Aspect Security, Co-Founder of the OWASP Foundation and Leader of the OWASP Top 10 Project.
About Feroot Security
Feroot Security believes that customers should be able to do business with any company online securely, without risk or compromise. Feroot secures front-end web applications so businesses can deliver seamless digital user experiences to their customers. Big brands trust Feroot to protect their front attack surface. Visit www.feroot.com.