Jscrambler Raises $15M Series A to Enhance Website Security

Jscrambler Secures $15 Million in Series A Funding

Jscrambler, a cybersecurity company headquartered in Portugal, has successfully raised $15 million in a Series A funding round. The company specializes in solutions designed to safeguard organizations from web data exfiltration attacks.

Investment Details

This investment follows a $2.3 million seed funding round secured two years prior. Ace Capital Partners spearheaded the current round, with continued support from existing investors Sonae IM and Portugal Ventures. Jscrambler intends to utilize these funds to enhance and expedite its product development.

The company aims to meet the evolving needs of its clientele as cyber threat actors increasingly focus their efforts on web-based attacks.

Addressing Client-Side Vulnerabilities

“A noticeable increase in sophisticated attacks targeting the client-side of websites is being observed,” stated Rui Ribeiro, co-founder and CEO of Jscrambler, in an interview with TechCrunch. “However, readily available and effective solutions to counter these threats remain limited.”

Ribeiro further explained that misconceptions surrounding technologies like web application firewalls, coupled with insufficient native browser defenses, contribute to the vulnerability of client-side attacks.

Jscrambler’s Solutions

Jscrambler offers a Code Integrity tool designed to address these vulnerabilities. This tool employs techniques like polymorphic obfuscation, code locks, and self-defending mechanisms.

These features scramble web source code, making it exceptionally difficult to reverse engineer. This helps organizations prevent intellectual property theft, application misuse, piracy, and data breaches.

Protecting Against Web Supply Chain Attacks

The company’s Webpage Integrity module provides protection against web supply-chain attacks. It detects malicious activity on the client-side and implements rules to block and prevent harmful behavior proactively.

This module is also effective in mitigating Magecart web skimming attacks. It allows companies to establish rules that prevent skimmers from operating on their websites and stealing credit card data.

Future Development and Compliance

“This investment signifies a turning point,” Ribeiro commented. “Companies will soon have the ability to fully control and secure their client-side environments.”

The Series A funding will be allocated to developing additional capabilities. This includes an integrated solution that empowers website owners to protect user data and ensure compliance with regulations like GDPR, CCPA, and HIPAA.

New Board Member

Jscrambler, founded in 2014 and currently employing 40 individuals, also announced the appointment of Pedro Abreu to its board of directors as an independent member.

Abreu currently serves as COO at Exabeam, a cyberrisk startup based in Silicon Valley. He previously held executive positions at ForeScout and McAfee.