Zenedge, a Los Angeles, California-based provider of cloud-based web application security and DDoS (distributed denial-of-service) mitigation solutions, raised $4.0m in Series B funding.
Backers included Telus Ventures. In conjunction with the investment, Telus Vice-President and Chief Security OfficerKenneth Haertling will join Zenedge’s board of directors.
The company, which has raised $7.5m in total funding, intends to use the capital to add new DDoS mitigation centers in Toronto and Amsterdam, expanding its Canadian and European presence.
Led by Yuri Frayman, CEO, Zenedge provides cloud-based cybersecurity solutions, specializing in Web Application Firewall (WAF) and DDoS mitigation for web applications, networks, and Domain Name Servers (DNS). The company’s platform protects thousands of web properties and networks for customers in financial services, ecommerce, technology, media & entertainment, and government, with a global partner network in the United States, Canada, Europe, South America, and Asia.
Through this venture investment, Telus will now offer Zenedge’s cybersecurity solutions to its business customers.