Pangea Cyber, a Palo Alto, CA-based provider of security services for cloud and mobile app developers, raised $26M in Series B funding.
The round was led by GV, with participation from Decibel and Okta Ventures. They joined existing investors Ballistic Ventures and SYN Ventures. Karim Faris, General Partner at GV, will join Pangea’s board as part of the investment.
The company intends to use the funds for product development and to drive developer and builder adoption.
Co-founded by Oliver Friedrichs and Sourabh Satish, the creators behind the Phantom Cyber SOAR platform, acquired by Splunk in 2018, Pangea is a provider of security services for cloud and mobile app developers, SaaS platform providers, and security operations centers. The Security Platform-as-a-Service framework is available for builders who need to add security functions to their applications. Builders use Pangea to log security events, manage export restrictions, handle personally identifiable information (PII), identify malicious files being shared, and block users from risky internet domains. Services are offered just like Amazon Web Services, but with a focus on cybersecurity.
Pangea plans on releasing several dozen API-based security services over the next 12 months.
FinSMEs
30/11/2022