Dubai: spiderSilk, a Dubai-based cybersecurity firm specialized in advanced threat detection technology, has successfully raised $2.25M in a Pre-Series A funding round. The round was co-led by Global Ventures and STV, along with several international angel investors participating.
spiderSilk reimagines threat detection away from the standard multi-solution, human resource-intensive proposition, to an automated, intelligent, and cost-effective one. The company’s technology maps out attack surfaces and uncovers broad vulnerabilities to eliminate security breaches.
Rami El Malak, Co-Founder at spiderSilk commented on the round, “We are the first cybersecurity technology company from the region with such global aspirations, and we are thrilled by the support we’ve received from all our partners and investors. They will be instrumental in bringing our vision to life.
“There is a common misconception about the MENA region’s ability to develop engineering-centric, deep- tech solutions, especially in the cybersecurity space where most of the technology is imported from abroad. We are excited to be part of a growing narrative that is changing that. And as such, we could not have picked better partners than Global Ventures, STV, and our group of angels to support us in that endeavor.”
The new funds will be used to expand spiderSilk’s geographic footprint across the MENA region, and establish a presence in North America.