Central regions | Finance, business | Technology & innovation

IT security developer raises international investment

15 Nov '18
Wallarm, a San Francisco based start-up of Russian origin, has raised $8m from an international investor consortium, Vc.ru reported. Wallarm is focused on security solutions for websites, apps and APIs that operate in private or public clouds.

Its Toba Capital that led this new investment round; other investors included Y Combinator, Partech and Gagarin Capital (which once invested in Prisma and MSQRD). Wallarms valuation has yet to be disclosed.

In its previous round, the company raised $2.3m from Prisma investors and Y Combinator partners.

The team wants to funnel the money into the development of its FAST (Framework for Application Security Testing) platform and into cyber-security related R&D.

The investment will be used to enhance marketing and sales in the U.S.; this is our main goal. We will also step up support of FAST as our new product, Wallarm CEO Ivan Novikov said.

FAST is a tool for testing engineers and developers which helps use regular traffic on apps and APIs as tester for security issues. Users can set policies for their apps.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: Y Combinator (4) / Wallarm (2) / security (17) / investment round (0) / Toba Capital (0) / Framework for Application Security Testing (0) /

Latest News: Central regions
17 May '19 | Finance, business | Telecoms, media
16 May '19 | Technology & innovation | Finance, business
14 May '19 | Transport, logistics | Finance, business
 

Feature stories

4 Apr '19
Russian scientists have come up with what they say is...
29 Jan '19
Russian biologists and biophysicists have developed...
2 Nov '18
Drawing upon in-depth interviews, the book channels...
Search (News archive - 21349)
Advertising
Venture_Russia_2018
Advertising
NATT
Advertising
StartUp-Village
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

22 May '19
Russia teams up with a private equity firm from...
20 May '19
An intelligent cardiovascular diseases diagnostics...
17 May '19
MTS, one of Russias main mobile operators, has...

Most read stories from last week

20 May '19
An intelligent cardiovascular diseases diagnostics...
22 May '19
Russia teams up with a private equity firm from...