Central regions | Technology & innovation | Finance, business
Russian developer of web apps security solutions goes to Silicon Valley
5 Aug '16
Wallarm, a Russian developer of web apps security solutions, has been selected to join California-based Y Combinator and is getting $120K in investment from the global business incubator to put together its expansion in the American market, Firrma.ru reported.
Wallarm’s other investors include Runa Capital, a Russian VC fund, and the government-owned Skolkovo Foundation (the latter earlier gave the company a $77K grant).
Wallarm products analyze Internet traffic and identify typical user behavior. They are said to be able to tell hacking attempts from legitimate Internet surfing and identify vulnerabilities fraudsters try to take advantage of. Machine learning is the core of web app operation and provides exact rules of blocking.
The company’s customers include payment and search services, e-commerce operators, and financial players in the former USSR market, such as Yandex, QIWI, Acronis, Bank Yugra and some others.
Y Combinator is a venture fund headquartered in California offering IT start-ups a range of incubation services.