watchTowr founder and CEO Benjamin Harris
Singapore-based cybersecurity startup watchTowr has announced a US$19 million Series A funding round led by Peak XV Partners, with repeat participation from Prosus Ventures and Cercano Management.
The company will use the funds to accelerate global growth by expanding its go-to-market, research and engineering teams.
The latest investment brings watchTowr’s total funding raised to US$29 million.
Also Read: Cybersecurity startup watchTowr bags US$8M pre-series A co-led by Prosus Ventures, Vulcan Capital
Founded in August 2021 by hacker-turned-entrepreneur Benjamin Harris, watchTowr helps organisations understand and identify high-impact weaknesses in their cybersecurity defences. It provides organisations with a continuous, real-time view of their external attack surface through the eyes of a sophisticated attacker, enabling it to continuously identify vulnerabilities that would allow attackers to compromise an organisation.
Over the past year, watchTowr has seen significant adoption from critical infrastructure and Fortune 500 companies looking to strengthen their security measures.
“If there’s a way to compromise your organisation, watchTowr will find it,” said Harris. “In the last 12 months, our predictions have been realised. Attackers have become faster at weaponising emerging vulnerabilities, more aggressive at leveraging weaknesses to compromise organisations indiscriminately, and time to exploitation in the wild is now measured in single-digit hours. We strongly believe that rapid reaction to these threats is one of the most powerful capabilities security teams can leverage.”
Also Read: watchTowr can tell an organisation in real time if it can get compromised
In addition to funding, the company also announced the appointment of former Cloudflare President of Field Operations & Chief Revenue Officer Chris Merritt to its board of directors to help guide watchTowr’s global growth. Merritt spent over ten years at Cloudflare, helping the company scale to over US$1 billion in annual recurring revenue.
In 2022, watchTowr raised US$8 million in a Pre-series A investment round co-led by Prosus Ventures and Vulcan Capital. The startup earlier received US$2.25 million in November 2021 from Vulcan Capital and Wavemaker Partners.
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