StockNews.AI
CRWD
StockNews.AI
201 days

Seraphic Security Announces $29 Million Series A Led by GreatPoint Ventures with Participation from the CrowdStrike Falcon Fund

1. Seraphic Security raised $29 million in Series A funding led by GPV. 2. CrowdStrike's Falcon Fund participated in the investment round. 3. Seraphic's 300% year-over-year ARR growth highlights strong demand. 4. Browsers are critical attack surfaces in enterprise security today. 5. Seraphic aims to scale operations in North America and EMEA.

5m saved
Insight
Article

FAQ

Why Bullish?

CrowdStrike's investment in Seraphic strengthens its market position, indicating confidence in browser security.

How important is it?

The funding round highlights innovative security solutions relevant to CrowdStrike's core business.

Why Long Term?

Continued investment in browser security may provide sustained competitive edge over time.

Related Companies

CRWDSERAPHIC
SAN JOSE, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Seraphic Security, a leader in enterprise browser security, today announced that it has secured a $29 million Series A funding round led by GreatPoint Ventures (GPV), with participation from the CrowdStrike Falcon Fund and existing investors Planven, Cota Capital and Storm Ventures. This milestone will enable the organization to accelerate its product roadmap and market expansion in North America and EMEA. “With the rise of SaaS applications and a hybrid workforce, browsers have become a critical attack surface for today’s adversaries,” said Michael Sentonas, President, CrowdStrike. “Seraphic Security’s unique yet simple approach solves a critical gap in enterprise browser security, which is why we invested in this innovative technology and team.” On the heels of significant growth with a 300% ARR increase YoY, Seraphic has emerged as an enterprise browser security leader with increasing adoption by Fortune 500 enterprises. This momentum stems from Seraphic's breakthrough approach to browser security: creating a patented abstraction layer that effectively monitors, randomizes and secures the browser. “Browsers dominate the enterprise, yet they are not secure enough,” said Ray Lane, Managing Partner at GreatPoint Ventures. “Seraphic is emerging as a powerful force in the rapidly growing Enterprise Browser Security market.” “As enterprises rush to secure the browser, this Series A investment is a testament to the market’s recognition of Seraphic’s innovative approach to addressing a critical and growing need in the enterprise market – helping organizations mitigate browser vulnerabilities while reducing the cost and complexity of their security architecture,” said Ilan Yeshua, CEO and Co-Founder, Seraphic Security. “Our focus will be on scaling our operations in North America and EMEA, accelerating growth, and continuing to deliver unparalleled value to our customers.” Request a demo to see Seraphic in action: https://seraphicsecurity.com/request-demo/. About Seraphic Security Seraphic is a leader in the rapidly growing Enterprise Browser Security market, driven by its patented technology that turns any browser into a secure browser with robust protection and detection capabilities. Seamlessly and easily deployed, Seraphic also enables secure access to SaaS and private web applications to employees and third parties from managed and personal devices without the complexity and cost of VDI & VPN. Invisible to the end-user, Seraphic supports all browsers and SaaS desktop applications like Teams, Slack, Discord and WhatsApp. For more information, please visit https://seraphicsecurity.com. About GreatPoint Ventures GreatPoint Ventures is an early-stage venture capital firm founded by entrepreneurs and operators who’ve built companies cumulatively worth $300 billion. Our mission is to partner with entrepreneurs solving big problems across enterprise, healthcare, bio-tech, and food. At GPV we make fewer than 10 new investments per year so we have time to fight in the trenches with every team we back. Learn more at https://www.gpv.com. About CrowdStrike Falcon Fund The CrowdStrike Falcon Fund is a cross-stage investment fund and the largest corporate venture arm in the cybersecurity industry. The program is designed to build an ecosystem of next-generation security leaders that share a common mission through a unique combination of investment and deep technical integrations with the CrowdStrike Falcon platform, giving CrowdStrike customers access to cutting-edge third-party capabilities. Media Contact:Doug De Orchis seraphic@scratchmm.com Scratch Marketing + Media for Seraphic Security A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc47f5a1-b401-45a1-8c86-58c3b1834cff

Related News