Global cybersecurity platform Jscrambler has secured $15m in its Series A funding round.
Ace Capital Partners served as the lead investor, with commitments also coming from existing backers Sonae IM and Portugal Ventures.
Funds from the round will be used to expand its marketing and sales resources in the US and European markets. In addition to this, the company will accelerate the product roadmap to meet customer demand.
Jscrambler has also announced the appointment of Exabeam COO Pedro Abreu as an independent board member.
The company designs enterprise-grade security solutions that secure the client side of web and mobile applications.
Jscrambler co-founder and CEO Rui Ribeiro said, “We are at a critical turning point in web security. This year’s streak of high-profile software supply chain attacks has put everyone on guard against the massive damages inflicted when attackers breach critical applications of private and public organizations.
“We anticipated this trend years ago and are successfully delivering differentiated technology and expertise to solve client-side attacks, enabling us to win over demanding customers, from Fortune 500 companies and SMEs alike. This investment and the addition of Pedro Abreu as a board member is precisely what we needed to drive expansion while still shaping the forefront of application security.”
