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Cybersecurity startup SpiderSilk raises $2.25M to help prevent data breaches
Dubai-based cybersecurity startup SpiderSilk has raised $2.25 million in a pre-Series A round, led by venture firms Global Ventures and STV.
In the past two years, SpiderSilk has discovered some of the biggest data breaches: Blind, the allegedly anonymous social network that exposed private complaints by Silicon Valley employees; a lab leaked highly sensitive Samsung source code; an inadvertently public code repository revealed apps, code and apartment building camera footage belonging to controversial facial recognition startup Clearview AI; and a massive spill of unencrypted customer card numbers at now-defunct MoviePass may have been the final nail in the already-beleaguered subscription service’s casket.
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The UAE-based cyber security start-up spiderSilk has raised $2.25 million in a funding round led by Saudi Technology Ventures and Dubai-based Global Ventures.
The investment will help the company to grow its network of clients and expand its footprint across the Middle East and North Africa region, and establish a presence in North America, the company said. We are thrilled by the support we have received from all our partners and investors . they will be instrumental in bringing our vision to life, Rami El Malak, co-founder of the start-up, said.
Founded in 2019, spiderSilk previously raised $500,000 of seed capital in a round led by Global Ventures last year.