SpiderSilk, a cybersecurity company headquartered in Dubai, has secured $2.25 million in a pre-Series A funding round. This investment was spearheaded by venture capital firms Global Ventures and STV.

Over the last two years, SpiderSilk has been instrumental in uncovering several significant data security incidents. These include the exposure of confidential employee grievances from Blind, a social network marketed as anonymous; the accidental release of proprietary Samsung source code from a laboratory; the revelation of apps, code, and security camera feeds linked to Clearview AI, a facial recognition technology company, through a publicly accessible code repository; and a substantial compromise of unencrypted customer credit card information at MoviePass, potentially contributing to the subscription service’s eventual closure.

According to Mossab Hussein, SpiderSilk’s co-founder and chief security officer, many of these findings originated from the company’s unique internet scanning technology, as reported to TechCrunch.

While all organizations prioritize data security, unintentional errors and improper configurations can result in sensitive internal data becoming accessible via the internet. SpiderSilk assists clients in assessing their potential vulnerabilities by identifying exposed information that should be protected.

The cybersecurity firm utilizes its scanning capabilities to create a detailed map of a company’s digital assets and potential attack vectors, enabling the detection of weaknesses and data exposures. Furthermore, it conducts simulated cyberattacks to help clients pinpoint vulnerabilities within their existing security measures.

“Our attack surface management and threat detection platform continuously scans the public internet to connect all openly accessible digital resources to the organizations they impact, whether directly or indirectly,” explained Rami El Malak, SpiderSilk’s co-founder and chief executive, in a statement to TechCrunch. “Consequently, the platform consistently identifies exploitable vulnerabilities and demonstrates that no organization is entirely free from risks related to visibility of its infrastructure.”

El Malak stated that the new funding will be allocated to expanding the company’s teams in security, engineering, data science, marketing, and sales. He also noted that SpiderSilk is extending its operations to North America with the establishment of sales and engineering teams.

This represents the company’s second funding round, following a seed investment of $500,000 in November 2019, which was also led by Global Ventures alongside contributions from various angel investors.

Basil Moftah, general partner at Global Ventures, commented, “The SpiderSilk team is comprised of exceptional professionals who are addressing a crucial challenge in the increasingly complex cybersecurity landscape, and safeguarding businesses online against escalating malicious activities.”