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:
- Origination vs. Termination: What’s the Difference?
- Amazon’s Shift: Evaluating AI Neutrality versus Claude Investment
- Bridging the Digital Divide: Full Fibre’s Role in Local Government
- Unveiling Huawei’s Xinghe: A Leap in Network Intelligence
- Unveiling Open vRAN’s Impact: QCT’s Collaboration with Intel
- 5G in the UK: An Unfinished Race towards Economic Growth
- Silicon Photonic Chips: Pioneering Breakthrough in Open RAN Tech
- Examining Vodafone’s Possible Spanish Arm Sale to Zegona
Tag