Signal Science, a security startup protecting tech giants, raises $15M
Adobe Systems Inc., Etsy Inc. and a growing number of other firms are entrusting the security of their web services to Signal Sciences Corp, a three-year-old startup that is on a mission to shake up the breach prevention segment. Today, it moved a step closer toward reaching that goal.
Signal Sciences has closed a $15 million investment that was led by CRV with support from Index Ventures, O’Reilly AlphaTech Ventures and Harrison Metal. The startup announced the funding in conjunction with the launch of its security service, which is described as a cloud-based shield against online attacks.
Signal Sciences claims that the platform stands out from the better-established alternatives on the market in two main ways. The first is comprehensiveness. According to the startup, its service can identify everything from brute-force attempts at cracking user passwords to threats on the OWASP Top 10 list of the most severe online attacks. The algorithms under the hood log each incident so that they’ll be able to catch future exploitation attempts more easily.
According to Signal Sciences, the detection mechanism is paired with a response system that allows its service to quickly deny suspicious requests without waiting for manual input. The startup claims that 95 percent of customers use the automatic blocking feature, which it sees as a testament to the platform’s threat detection prowess. For comparison, this figure usually ranges between 10 and 20 percent with rival products, the company said.
Signal Sciences’ other major selling point, meanwhile, is that its offering can easily fit into a company’s web development workflow. Organizations have a choice between plugging the platform directly into an application or, if they’re looking to protect an existing service, deploy it at as an external module without having to change any code.
Offering multiple deployment options lets Signal Sciences court a wide variety of different companies. That was no doubt a consideration for CVR and the other contributors to today’s round. In the funding announcement, the startup stated that the capital will be used to “aggressively scale to meet growing customer demand.”
Signal Sciences has raised more than $26 million to date from 10 investors.
Image: Pixabay
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.