The round was led by Greylock Partners with participation from Y Combinator and previous investors Alven Capital and Point Nine. In conjunction with the funding, Greylock partner Sarah Guo joined the board. To date, Sqreen has raised more than $18 million in total funding.
The company intends to use the funds to continue to expand operations.
Led by Pierre Betouin, CEO, Sqreen provides an ASM platform giving companies visibility and protection in production for web applications and cloud workloads. It is currently used to protect more than 500 companies around the world today.
Sqreen goes beyond the HTTP layer and uses dynamic instrumentation logic to detect malicious activities within the application. It provides visibility into web application security and risk, down to the code level. The platform features dynamic protection modules – ranging from runtime application self-protection (RASP), to in-app web application firewall (WAF), and account take-over (ATO) protection.
With no software code modifications, the solution can be up and running and protect any web application in under five minutes. Its hybrid SaaS architecture allows instant and safe deployment through smart microagents, without having to redirect traffic or install complex on-premises software.
Source. FinSMEs, April 2, 2020
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