Cybersecurity startup GuardRails raises S$1m in seed round led by Cocoon Capital

SOFTWARE security startup GuardRails has raised S$1 million in a seed funding round led by Singapore-based early-stage venture capital firm Cocoon Capital.

The Singapore-based startup will use the funds to hire more"software engineers, security experts, as well as sales and customer success representatives". It will also add support for more programming languages, development platforms and security testing technologies. GuardRails helps developers find, fix and prevent security vulnerabilities in real time. It was founded by Austrian security specialist Stefan Streichsbier, and has close to 800 development teams across the US, the UK, Europe and Asia on its platform.

The startup graduated from ICE71 Accelerate in May 2019. ICE71 is a three-month accelerator programme for early-stage cybersecurity startups, and was founded by Singtel Innov8, the corporate venture capital arm of the Singtel Group, and NUS Enterprise, the entrepreneurial arm of the National University of Singapore.

"Currently, companies need a small army to deploy and integrate security solutions tightly into the development workflows, after which they find heaps of cryptic vulnerabilities without any useful information on how to fix them. This is something not many companies, especially small businesses, can afford to do," said Mr Streichsbier, who is also CEO of GuardRails.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cancer screening startup Lucence raises US$20m in funding led by IHHRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Row erupts in Philippines over $1m SEA Games 'casserole'MANILA - A 50 million-peso (S$1.34 million) cauldron that will be lit up during the 30th South-east Asian Games in December has sparked a nasty debate in the Philippines, with President Rodrigo Duterte wading in to defend the amount spent on it.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Commentary: Here's why you can never run away from filthy colleaguesEroding boundaries between home and work lead to smelly Lycra, crusty mugs, and worse.
Source: TODAYonline - 🏆 1. / 99 Read more »

Japan to raise Hong Kong worries with China as tourist arrestedHONG KONG (BLOOMBERG) - A Japanese tourist in his 20s was arrested near the besieged Hong Kong Polytechnic University that has become a flashpoint between police and protesters, with Tokyo looking to raise its concerns about the unrest with China.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Ascendas India Trust raises S$150m in upsized private placementRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Alibaba to raise up to $17.6b in Hong Kong listing: SourcesHONG KONG (REUTERS, BLOOMBERG) - Chinese e-commerce giant Alibaba will raise up to US$12.9 billion (S$17.6 billion) in its Hong Kong secondary listing, pricing its shares at a 2.8 per cent discount to their last closing price in New York, two sources with direct knowledge of the matter said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »