Web application security startup Feroot Banks $11 million in seed funding

Feroot Security, a website and web application protection provider, today announced that it has received over $11 million in seed funding.

Founded in 2017, the Toronto-based company Feracin offers client-side security solutions designed to protect applications and data against cross-site scripting (XSS) and formjacking attacks, skimmers, and other types of JavaScript threats.

The company offers monitoring capabilities, with its Feroot Security Inspector, and the ability to add permissions and controls to JavaScript code, with Feroot Security PageGuard.

Ferrot’s solutions are designed to help organizations gain visibility into their client-side attack surface and automate JavaScript security processes, while also providing real-time response capabilities, the company says.

[ READ: Bot Detection Firm Netacea Closes $12 Million Funding Round ]

Feroot says its solutions are suitable for application developers and security and privacy professionals looking to build secure JavaScript applications, ensure compliance, and prevent client-side cyberattacks.

With an increase in cyber incidents targeting client-side web applications, Feroot believes the market for technologies capable of protecting against JavaScript threats will grow.

The company plans to use the funding to accelerate product development and go-to-market strategies to ensure it can meet growing customer demand.

In July 2021, Feroot announced that it had raised $2.9 million in seed funding. Led by True Ventures, the new funding rounds the company’s seed investment to over $11 million.

“A shocking 98% of websites use forms to collect personal and financial data from customers. Threat actors are starting to get a higher ROI from attacking unprotected client-side applications compared to traditional server-side attacks,” said Ivan Tsarynny, co-founder and CEO of Feroot.

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Ionut Argire is an international correspondent for SecurityWeek.

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