Jscrambler Raises $15M in Series A Funding

 Left: Rui Ribeiro, Jscrambler Co-founder and CEO; Right: Pedro Fortuna, Jscrambler Co-founder and CTO

Jscrambler, a Porto, Portugal-based technology company specializing in cybersecurity products for web and mobile applications, raised $15m in Series A financing.

The round was led by Ace Capital Partners, with participation from existing investors including Portugal Ventures.

The company intends to use the funds to augment marketing and sales resources in the U.S. and European markets, as well as strengthen and accelerate the product roadmap to meet current customers’ expanding requirements including an integrated solution that ensures website owners can protect the client-side to secure user data, mitigate fraud and user hijacking, and improve compliance with regulations (GDPR, CCPA, PSD2, HIPAA, PCI DSS, among others).

Led by Rui Ribeiro, CEO, and Pedro Fortuna, CTO, Jscrambler provides client-side web security solutions. With Jscrambler, JavaScript applications become self-defensive and resilient to tampering and reverse-engineering, while also capable of detecting and blocking client-side attacks like Magecart and data exfiltration. The company’s platform is used by the Fortune 500 and major companies in sectors such as finance, e-commerce, broadcasting, software development, and gaming.

Pedro Abreu has joined as an independent board member to contribute to the company’s vision, roadmap and product-market fit. He is currently COO at Exabeam and brings 20+ years of cybersecurity business operations and strategy experience from companies such as McAfee and ForeScout.