Cybersecurity startup watchTowr bags US$8M pre-series A co-led by Prosus Ventures, Vulcan Capital

Singapore-based cybersecurity startup watchTowr has announced an US$8 million pre-series A investment round co-led by Prosus Ventures and Vulcan Capital.

Its seed investor Wavemaker Partners also returned to join this round, bringing watchTowr’s total funding to US$10.25 million.

The startup raised US$2.25 million in November 2021 from Vulcan Capital and Wavemaker Partners.

watchTowr will use the new funds to improve its platform and seize growth opportunities arising from markets outside of Southeast Asia.

Launched in August 2021, 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. This enables it to continuously identify vulnerabilities that would allow attackers to compromise an organisation.

Also Read: watchTowr can tell an organisation in real time if it can get compromised

By leveraging data analysis and interrogation within an agile technology framework, watchTowr codifies attacker tactics and techniques that mimic how real attackers break into organisations.

Benjamin Harris, CEO, watchTowr, said “Our technology gives organisations visibility of how they could be compromised, in real-time. Traditional assurance approaches, like penetration testing, are no longer effective or rapid enough to keep organisations secure. By continuously incorporating the latest attacker tactics and techniques into the watchTowr Platform, CISOs can understand their susceptibility to emerging vulnerabilities and threats in hours, rather than weeks or months.”

Over the last ten years, organisational attack surfaces have ballooned to include outsourced technology, shadow IT, cloud environments and supply chain risks. Most organisations have lost track of their attack surface.

Harris added, “When one combines the ballooned attack surface with the ineffective and incomplete security testing approaches that are still utilised today, organisations are not able to protect themselves adequately, especially when we consider the rapid and aggressive speed of change in cyber security. Attackers know this.”

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