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).
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.