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Jscrambler has announced the completion of a $15M Series A funding round led by Ace Capital Ventures. The funds will be used to augment marketing and sales resources in the United States and Europe and strengthen and accelerate the product roadmap.
The funds will be used to supplement marketing and sales resources in the United States and Europe and strengthen and accelerate the product roadmap to meet the expanding needs of current customers.
The company has also announced that Pedro Abreu has also joined Jscrambler as an independent board member to contribute to the company’s vision, roadmap, and product-market fit. Pedro is the COO of Exabeam and has over 20 years of experience in cybersecurity business operations and strategy from companies such as McAfee and ForeScout.
We are at a critical turning point in web security. This year’s streak of high-profile software supply chain attacks has put everyone on guard against the massive damages inflicted when attackers breach critical applications of private and public organizations. We anticipated this trend years ago and are successfully delivering differentiated technology and expertise to solve client-side attacks, enabling us to win over demanding customers from Fortune 500 companies and SMEs alike. This investment and the addition of Pedro Abreu as a board member is precisely what we needed to drive expansion while still shaping the forefront of application security.Rui Ribeiro, co-founder and CEO of Jscrambler
After establishing itself as the standard in client-side web security with cutting-edge technology that protects the source code of web and mobile applications from thousands of enterprises worldwide, the company now seeks to reach yet another groundbreaking stage in developing its product offering.
This funding will also drive an integrated solution that ensures website owners can protect the client-side to secure user data, mitigate fraud and user hijacking, and improve compliance with regulations (GDPR, CCPA, PSD2, HIPAA, PCI DSS, among others) through a transparent, frictionless deployment, continuing a strong R&D investment that spans over a decade.
There is a clear, growing need for disruptive web technology and we are extremely impressed with Jscrambler’s solution and its successful adoption with top-tier enterprise customers across multiple verticals. We strongly believe that this new investment by Ace Capital Partners will fuel this growth, enabling the world’s biggest enterprises to find in Jscrambler, a promising and already established European leader in its market, the answer to all their challenges in terms of client-side security and application shielding.Augustin Blanchard, executive director at Ace Capital Partners
This new funding round speaks volumes about the disruptive technology that Jscrambler has consolidated in the market. The challenging times people and businesses are facing have reinforced the need to explore improved digital experiences, namely within the e-commerce and banking markets. Positioned at the intersection of application security and online fraud detection, Jscrambler is and will continue to benefit greatly from market tailwinds, by helping organizations secure their online assets and their users’ data.Carlos Moreira da Silva, a partner at Sonae IM