Feroot Security, a company that protects websites and web applications, revealed today that it has raised over $11 million in early funding.
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.