Cybersecurity company Namogoo scores $40m in Series C

Namogoo, which prevents customer journey hijacking, has scored $40m in its Series C round led by Oak HC/FT.

Previous backers of the cybersecurity company including GreatPoint Ventures, Blumberg Capital, and Hanaco Ventures joined the round.

With the capital injection, the company will expand its client-side platform offerings, beginning with the launch of its customer privacy protection risk solution. The solution detects and mitigates against customer privacy risks associated with 3rd and 4th-party vendors funning on company websites and applications.

Namogoo is a client-side technology platform which protects the customer journey and user privacy for online enterprises. It can prevent unauthorized ad injections from hijacking online customers to competitors and mitigates against privacy and compliance risks.

Over the past year, the company has grown its customer base by 150%.

Namogoo co-founder and CEO Chemi Katz said, “With businesses investing more than ever in technologies to optimize their website, improve functionality, and tailor their users’ experience, ensuring that these digital investments are delivered as intended and free of risks and disruptions has never been more challenging.

“This significant financing round enables us to further invest in the growth of our global team and expand to new markets and geographies, helping us fulfil our vision of eliminating Digital Chaos and providing enterprises unprecedented control of their digital properties.”

As part of the deal, Oak HC/FT partner Matt Streisfeld has joined the Namogoo board of directors.

The company has raised a total of $69m in funding since it launched in 2014.

Earlier in the year, Oak HC/FT led the $24m Series B round of Ocrolus, which automatically analyses financial documents.

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