Probely, a San Francisco, CA-based premier cloud-based dynamic application security testing solution, announced that it closed a €7.7 million in Series A funding.
The round was co-led by Iberis Capital and Semapa Next, with participation from TIIN Capital, Bright Pixel Capital, Caixa Capital, Portugal Ventures, and EDP Ventures.
This funding will enable Probely to strengthen the team and continue its international growth, especially in the United States.
"Our team of co-founders came from an application security team. We all experienced first-hand the hard task of scaling application security testing.", Nuno Loureiro, CEO, and co-founder of Probely explains. "Given the shortage in Security professionals, it can only scale if you shift security testing left, allowing developers to become the protagonists in automated security testing. We designed and built Probely to enable both Security and Development teams to embrace application security testing."
Company: Probely
Raised: €7.7M
Round: Series A
Funding Month: November 2022
Lead Investors: Iberis Capital and Semapa Next
Additional Investors: TIIN Capital, Bright Pixel Capital (former Sonae IM), Caixa Capital, Portugal Ventures, and EDP Ventures
Company Website: https://probely.com/
Software Category: Dynamic Application Security Testing Solution
About the Company: Founded in 2016, Probely is a powerful solution that identifies vulnerabilities in websites, web applications, and APIs, and provides guidance on fixing them. Aimed at developers and cybersecurity teams, Probely integrates seamlessly into development processes (SDLC) and continuous integration pipelines (CI/CD) to automate and streamline security testing across organizations. Probely empowers Security and DevOps or Development teams to work together to secure their web applications and APIs. Its goal is to narrow the gap between development, security, and operations by making security an intrinsic characteristic of a web application's development life-cycle.
Source: https://www.prnewswire.com/news-releases/probely-raises-7-7-million-euros-in-series-a-round-301678956.html