Feroot Security, a company that protects websites and web applications, revealed today that it has raised over $11 million in early funding.
Feroot, based in Toronto, provides client-side security solutions to protect applications and data from cross-site scripting (XSS) and formjacking assaults, as well as skimmers and other JavaScript threats.
With Feroot Security Inspector, the company provides monitoring tools, as well as the ability to apply rights and controls to JavaScript code with Feroot Security PageGuard.
Ferrot’s solutions, according to the business, are meant to help organisations gain visibility into their client-side attack surface and automate JavaScript security operations, as well as provide real-time reaction capabilities.
Feroot claims that their products are appropriate for application developers as well as security and privacy specialists who want to create safe JavaScript apps, maintain compliance, and avoid client-side cyberattacks.
Feroot believes the market for systems that can protect against JavaScript threats will grow as the number of cyber events targeting client-side web apps rises.
To ensure that it can satisfy expanding client demand, the firm wants to use the funds to expedite product development and go-to-market initiatives.
Feroot announced in July 2021 that it has raised $2.9 million in startup funding. The latest round, led by True Ventures, brings the company’s total seed investment to more than $11 million.
“A startling 98 percent of websites acquire personal and financial data from customers via forms. Threat actors are starting to see a larger return on investment from unsecured client-side applications than from typical server-side attacks, according to Feroot co-founder and CEO Ivan Tsarynny.
