Israeli cloud security startup PureSec announced Thursday it has raised $7 million in a Series A funding round bringing the company’s total funds raised to $10 million. The round was led by Asia Pacific based investor Square Peg Capital, with participation from prior investors including TLV Partners and Entrée Capital.
Square Peg Capital’s Dan Krasnostein will join the PureSec board.
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“PureSec is pioneering the serverless security industry and is poised to become the gold standard for securing serverless applications,” he said in a company statement, “With many organizations adopting cloud-native serverless platforms, application security and visibility rank among the most critical hurdles for mass adoption.”
Krasnostein said the team has accomplished impressive goals in 2018, positioning itself as a leader in serverless security, raising awareness and educating the industry about security risks that organizations may encounter when going serverless and launching the first serverless security platform. It also acquired new customers and developed strong partnerships with leading serverless providers, he said.
The Tel Aviv-based platform also announced the release of a free-tier plan which enables organizations who go serverless to implement security early in the process.
PureSec co-founder and CEO Shaked Zin said, “Transitioning to serverless can reduce the future attack surface of your organization to a bare minimum. With the cloud provider’s experts making sure your infrastructure is secure, and with the right Serverless Security Platform to protect the application layer, your serverless application could be the most secure application you’ve ever built.”
The cloud security startup, founded in 2016, was the first company to identify the need for a unique security solution for serverless applications. It used the $3 million it secured in 2017 in a seed round to develop the world’s only end-to-end serverless security platform, which allows organizations to build secure serverless apps and protect them.
PureSec recently teamed up with Microsoft as part of the Microsoft ScaleUp program.