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:
- Darryll Dewan Unveils Top Data Center Trends for 2024
- Telecom Operators Leverage Satellite Tech for 5G Expansion, Market Growth Yet to Surge
- Web O.No: Metaverse and Web 3.0 Stunted by Internet Chaos, Warn 87% of Business Leaders
- Nokia to Deploy First 5G Standalone Network in Uzbekistan
- Navigating US Senate Regulations: TikTok’s ByteDance Dilemma
- Unraveling the Impact of KKR’s Acquisition on Italy’s Telecom Sector
- Vodafone Launches Scam Signal API to Combat Impersonation Fraud
- DIDWW expands its Emergency Calling services to the Czech Republic, Switzerland and Hong Kong
- Macquarie Explores Exit as Competition Intensifies in UK Altnet Market
Tag