LISBON: The web security startup Jscrambler, today announces that it has raised more than US$2.3 million in a Series A round led by Sonae IM and co-invested by Portugal Ventures. The investment allows the company to expand its business and develop its portfolio, and is an important step in Sonae IM’s internationalisation strategy.
The Web startup, headquartered in Portugal, works on highly innovative security products to protect Web and Mobile Applications. Its flagship product, Jscrambler, is the world leader in JavaScript Application Security, making applications self-defensive and resilient to tampering and reverse-engineering on the client-side.
Rui Ribeiro, Jscrambler’s CEO and co-founder, explained that: “This investment will accelerate European and North-American market expansion and help more companies prevent and fight attacks that are growing in frequency and complexity but are being detected too late, with serious financial and reputational consequences for organisations”.
Alexandre Santos, Sonae IM’s Head of Venturing and Bright Pixel’s co-founder, says that “the participation in this round represents Sonae IM’s largest investment in an early stage project, showing our confidence in Jscrambler’s product and team. More than a trend, digital transformation is a reality that brings with it several challenges for companies and in which user confidence is essential for business success.”
Since 2014, Jscrambler also boasts Portugal Ventures as an investor a company that has supported the internationalization of the product during the last few years.
