Cyber startup SquareX lands $6m after stealth period


SquareX, a Singaporean cyber firm, has scored $6m in a round led by Sequoia Capital Southeast Asia after exiting a period of stealth.

According to Security Week, the firm provides a cloud-based solution that integrates with the browser as an extension, and which can keep users safe from malware and allows them to remain private.

SquareX said the solution allows users to remain productive and safely check emails, create documents, manage files, stream content, or access banking and ecommerce accounts.

SquareX initially made its solution available in early March 2023 and plans to release a beta version for a limited number of users in May.

The company will invest the new funds in research and development and go-to-market operations.

SquareX founder Vivek Ramachandran said, “By creating a seamless, browser-integrated cybersecurity solution, we are empowering consumers to be fearless online and take control of their own security on the internet. We believe that a safer internet experience is not only possible but essential.”

ThreatFabric, a leading provider of fraud detection solutions and intelligence for the financial services sector, has successfully raised €11.5m in a seed round.

The Amsterdam-based start-up offers a Fraud Risk Suite, which uses advanced AI models to continuously model threat paths inside online sign-up and payment journeys. With online fraud increasing at an alarming rate, ThreatFabric’s solutions help banks and financial institutions protect their end-users from fraud and malware through a multi-layered approach, including on-device malware detection and behavioural analytics.

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