DDoS startup ZENEDGE raises $6.2M in Series C funding

ZENEDGE that provides cloud-based Distributed Denial of Service (DDoS) protection and web application firewall solutions for eCommerce, finance, gaming and healthcare industries has secured $6.2 million in Seires C funding round led by Pilot Growth Equity. It invested the round with $5 million investment with additional funds coming from Zoho Corporation, as well as from existing investors TELUS Ventures and Yehuda Neuberger. Aventura, Florida-based will use this funding to continue its global expansion, sales and marketing activities and for further investment in its patent-pending technology. William Lee, Co-Founder and Managing Director at Pilot Growth, will join ZENEDGE’s board of directors. Founded in 2014, the company raised $4 million in Series B funding round in the year 2015 and $3.5 million in Series A in 2014. With this new Series C round, total investment of the company goes to $13.7 million. ZENEDGE offers total security for Web applications and networks, identifying threat actors and stopping malicious traffic from reaching servers. Malicious traffic coming from hackers is stopped at ZENEDGE servers, never reaching the security perimeter. Ongoing monitoring and regular security updates protect against new vulnerabilities. This allows the company to provide better cybersecurity and faster time to mitigation than traditional cloud and on-premise cybersecurity vendors, ultimately resulting in less and shorter business interruptions, while helping reduce operational costs. Yuri Frayman, Founder and CEO of ZENEDGE said:

“We are thrilled to welcome Pilot Growth to lead our Series C round and have William Lee join our board of directors, as they represent a partner that provides us not only with capital, but vast strategic experience and relationships. In addition to Pilot Growth, we are also excited to welcome Zoho, already a strategic ZENEDGE customer, as a new investor in this round.”

The company offers solutions that includes Web Application firewalls, bot detection, DDoS mitigation, network DDoS protection and more. It also provides services to healthcare industry with its product ZENEDGE HCx, a cloud-based web application security and DDoS protection platform as a service, tailored to meet and exceed the increasingly complex cybersecurity needs of the healthcare industry. Similarly, ZENEDGE claims that its Express is the first behavior-based, integrated, cloud-based Web Application Firewall (WAF) and Distributed Denial of Service (DDoS) mitigation service, specifically designed for small-to-medium businesses (SMBs).