Client-side web security provider Jscrambler on Thursday announced that a $15 million Series A financing round led by Ace Capital Partners. Existing investors Sonae IM and Portugal Ventures also participated.
The company said the investment will be used to expand marketing and sales initiatives in the United States and across Europe, as well as accelerate product roadmap to better meet customer demand.
The security firm also says the funding will help it deliver an integrated solution aimed at protecting user data, fraud mitigation, and user hijacking prevention, while also ensuring regulatory compliance.
Jscrambler claims its client-side web security solution can address web supply chain weaknesses that browsers can’t defend against, thus preventing potentially damaging data breaches.
“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,” said Rui Ribeiro, Jscrambler co-founder and CEO.
Founded in 2014, Jscrambler is headquartered in Porto, Portugal, with offices in Lisbon, Portugal and Los Angeles, California. The company focuses on protecting the client-side of e-commerce transactions or web and mobile services.