- Total funding for the most recent investment is$ 29 million.
- Funds will be used to get business management, accelerate global development
watchTowr, the cybersecurity startup redefining External Attack Surface Management, has announced a US$ 19 million ( RM81 million ) Series A funding round led by Peak XV, formerly known as Sequoia India &, Southeast Asia, with repeat participation from Prosus Ventures and Cercano Management. In a statement, the firm said it would use the money to get business management and accelerate global development by expanding its go-to-market, study, and engineering teams. This latest investment brings its total funding to US$ 29 million ( RM124 million ).
WatchTower reports that Fortune 500 companies and critical equipment companies have embraced it over the past year as major recipients of its security measures.
It stated that as AI develops, the number and frequency of achievements that are affecting big firms is rapidly growing. Animal experts and conventional security products cannot be used to combat the rapidity of these attacks. WatchTowr, which was created by unpleasant security experts, recreates the ingenuity and resilience of attackers, enabling organizations to respond quickly to new techniques and threats. The company’s app even constructs a real-time assailant’s view of an organisation, constantly identifying and validating accessible vulnerabilities before attacks occur.
watchTowr was founded by hacker-turned-entrepreneur Benjamin Harris ( pic ). Harris, who hacked into his university system at the age of 16, has established a remarkable reputation in the cybersecurity sector over the past 14 years. Since therefore, he has helped businesses all over the world improve their security methods and defenses.
” If there’s a way to bargain your company, watchTowr may get it”, said Harris, CEO and Founder of watchTowr. ” In the last 12 months, our projections have been realised. Intruders have become faster at weaponising emerging threats, more violent at leveraging weaknesses to sacrifice organisations blindly, and occasion to abuse in the wild is then measured in single-digit hours. We strongly believe that security team can use one of the most potent skills to quickly respond to these threats.
Backed by the company’s study, the watchTowr System is the fastest to utilize the latest vulnerabilities, tactics, and techniques used by powerful adversaries, enabling organisations to check their defences. watchTowr Laboratories, the agency’s danger and risk R&, D shoulder, has become internationally renowned. It recently demonstrated how significant amounts of Internet infrastructure have been compromised, and in February 2024, it was the first to use Ivanti’s Connect Secure VPN product ( CVE-2024-22024 ) to investigate and reproduce vulnerabilities that APT groups have used to compromise western government entities. WatchTower has consistently been the first to analyze many of the most serious risks in 2024.
In addition to the money, the firm announced the appointment of Chris Merritt, past Cloudflare president of Field Operations &, general income officer, to its board of directors to link watchTowr’s global growth. Merritt spent over ten years at Cloudflare, helping the company scale to over US$ 1 billion ( RM4.2 billion ) in annual recurring revenue. He currently runs Peak XV as an operating partner.
“watchTowr has an incredible team, technology, and opportunity”, said Merritt. ” They’re solving a major challenge for global organisations by enabling them to view their systems like trained adversaries, validate weaknesses, and help stop breaches—at scale. WatchTowr is seeing a lot of interest, and we look forward to helping Harris and the rest of the team become the next cybersecurity market leader.