Probely, a San Francisco-based provider of a cloud-based dynamic application security testing solution, has netted $7.7m in a Series A round.
The round was led by Iberis Capital and Semapa Next. Also participating were TIIN Capital, Bright Pixel Capital, Caixa Capital, Portugal Ventures, and EDP Ventures.
Founded in 2016, Probely is a cloud-based application security testing solution designed to empower security and DevOps teams to work efficiently together on a DevSecOps approach built to reduce risk across web applications and RESTful APIs.
Probely claims it empowers security and DevOps or development teams to work together to secure their web applications and APIs. The firm said its goal is to narrow the gap between development, security, and operations by making security an intrinsic characteristic of web applications development life-cycle.
According to Probely, it intends to use the newly raised capital to strengthen its team and continue its international growth, especially in the US market.
Thomson Reuters recently signed an agreement to acquire tax automation software provider SurePrep for $500m in cash.
According to Reuters, it expects to receive an estimated tax benefit with a net present value at the time of purchase of approximately $60m as part of the transaction.
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