Web Browsing Security Firm Guardio Raises $47 Million

Web browsing protection tool Guardio on Tuesday announced that it came out of bootstrap mode with $47 million in funding.

Guardio’s first ever investment round was led by Tiger Global. Cerca Partners, Emerge, Samsung Next, Union, and Vintage also participated.

Founded in 2018, the Tel Aviv, Israel–based company says it leverages machine learning and proprietary algorithms to provide small businesses and end-users worldwide with enterprise-grade protection from web- and cloud-based threats.

The company offers an in-browser extension specifically designed to keep users safe from threats targeting them when using digital services such as messaging, shopping, banking, and crypto custody.

Guardio claims to be serving roughly nine million users each day, with tens of thousands of them being paying customers.

The company has 30 people working at its research and development center in Tel Aviv and is already looking to hire more.

“Private users and small businesses use personal security solutions that don’t provide effective protection against modern cyberattacks in the cloud era,” said Amos Peled, CEO and co-founder of Guardio. “Leveraging our deep understanding of the cybersecurity landscape, advanced data analytics capabilities, product and marketing, Guardio has developed user-friendly solutions with the right level of protection to effectively close the security gap for individual users and small businesses.”

Related: Afero Raises $50 Million for Its Secure IoT Platform

Related: Identity Verification Company Incode Raises $220 Million at $1.25 Billion Valuation

Related: Grip Security Raises $25 Million to Secure SaaS Applications

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Ionut Arghire is an international correspondent for SecurityWeek.

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