Browser cybersecurity startup Guardio raises $47M

SECURITY

Browser cybersecurity startup Guardio Ltd. has raised $47 million in new funding to accelerate the company’s vision of creating a secure digital world.

Tiger Global led the round, announced today, with Vintage, Cerca Partners, Union and Samsung Next also participating.

Founded in 2018 by Israeli cybersecurity industry veterans Amos Peled, Daniel Sirota and Michael Weinstein, Guardio aims to ensure a safe digital experience for private users and small businesses via an intuitive, easy-to-use browser extension solution. The company’s in-browser extension is designed to detect and prevent threats users encounter while browsing the internet or using digital services.

Guardio notes that the growth of online services in recent years in which the browser serves as the main conduit has grown dramatically in volume and sensitivity across personal and work life – from messaging and shopping to banking and cryptocurrency custody. The company claims that cybersecurity solutions have failed to keep up and protect private users and small businesses for which enterprise-grade solutions are out of reach.

This is where Guardio steps in with what it says is a highly secure, advanced cybersecurity solution that uses machine learning and proprietary algorithms specifically crafted for those segments.

Bootstrapped until now, Guardio has organically grown with some 30 employees, nearly 1 million users and tens of thousands of paying customers. The company’s annual revenue is projected to reach tens of millions of dollars in 2022.

“Private users and small businesses use personal security solutions that don’t provide effective protection against modern cyber attacks in the cloud era,” Peled, co-founder and chief executive officer of Guardio, said in a statement. “Current solutions, developed by large cyber security companies, aren’t designed to address these segments. Those products are overly complex and expensive for private users and small businesses.”

Image: Guardio