NowSecure, a Chicago-based mobile security startup that helps businesses test the safety of their applications, has raised USD 15 million in a Series B round led by ForgePoint Capital, a fund that invests exclusively in cybersecurity companies. As a result of this round, the total amount of NowSecure funding to date is USD 27 million. The funding comes as cybersecurity threats remain a constant and high priority issue for businesses, and NowSecure said it will use this money to accelerate the development of its security testing products and scale operations. NowSecure CEO Alan Snyder said, “Every business is becoming mobile first; yet millions of people are using apps on a daily basis that have major security and privacy issues. NowSecure is addressing this fundamental, global-scale problem that puts businesses and consumers at direct risk. We’re thrilled to be working with ForgePoint Capital to grow our business and empower mobile app…
Latest Posts:
- Understanding VoIP Regulatory Compliance – An Overview for Carriers
- Deutsche Telekom Targets AI Growth, Expands 5G and Fiber Reach
- Kia and Airtel Unite for IoT-Driven Connected Vehicles
- AWS and e& Forge $1B Middle East Cloud Partnership
- Sinch Enables the Transformation of Emergency Communications
- Microsoft Reveals Alarming Rise in Global Cyberattacks
- Ericsson’s India Wins Boost Telecom Growth, Market Dynamics
- UAE’s e& Shatters 5G-A Speed Record with 62 Gbps
- Google Pioneers Nuclear Power for AI Operations Expansion
Tag