SpiderSilk adds $2.25m to its coffers in pre-Series A round

From: RegTech Analyst

Cybersecurity startup SpiderSilk secures $2.25m in pre-Series A raise.

Global Ventures and STV led the raise into the Dubai-based startup.

SpiderSilk will use the money to boost its security, engineering and data science teams as well as bolstering its sales and marketing teams, TechCrunch reported.

It had previously raised $500,000 in seed capital in November 2019. Global Ventures led that round too with the support of several angel investors.

“The SpiderSilk team are outstanding partners, solving a critical problem in the ever-complex world of cybersecurity, and protecting companies online from the increasing threats of malicious activity,” said Basil Moftah, general partner at Global Ventures, when speaking with TechCrunch.

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