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
19 Feb '19 | Technology & innovation | Finance, business
18 Feb '19 | Transport, logistics | Technology & innovation
13 Feb '19 | Finance, business | Technology & innovation
12 Feb '19 | Technology & innovation
8 Feb '19 | Finance, business | Retail, FMCG
 

Feature stories

29 Jan '19
Russian biologists and biophysicists have developed...
2 Nov '18
Drawing upon in-depth interviews, the book channels...
27 Aug '18
Search (News archive - 21320)
Advertising
RB_Partners_Report
Advertising
Annex_to_RB_Partners_Report
Advertising
NATT
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

19 Feb '19
The Russian Government earlier this year unveiled...
18 Feb '19
UVL Robotics, a domestic start-up company, is...
15 Feb '19
Scientists at the Far Eastern Federal University in...

Most read stories from last week

18 Feb '19
UVL Robotics, a domestic start-up company, is...
19 Feb '19
The Russian Government earlier this year unveiled...