Devcon, an Atlanta, GA-based cybersecurity software company dedicated to defeating ad fraud and preserving independent journalism, closed a $4.5M seed round of funding.
The round was led by Las Olas VC with participation from individual investors Paul Judge, cofounder of TechSquare Labs and executive chairman of Pindrop, and Adam Ghetti, founder of Ionic Security.
Founded in 2017 by Maggie Louie, CEO, Devcon is a cybersecurity software company whose proprietary technology allows publishers to maximize their advertising revenues by identifying and eliminating fraudulent ads within their networks.
Its Freedom for Media program offers publishers a free tool to identify ad fraud as it happens in their networks, while its premium platform enables tracking and blocking of Bad Ads.
Beyond digital revenue protection for publishers, the company brings anti-money laundering software to the FinTech sector, having aided law enforcement in facilitating criminal conviction for online ad theft.
Devcon also has additional offices in Memphis, Tennessee.