Signal Sciences, a US-based cybersecurity startup backed by media group O’Reilly Media, has disclosed that it raised $9.7m in a 2015 series A round led by venture capital firm Index Ventures.
Signal Sciences announced the funding at the same time as it publicly launched its product, a firewall for web applications that blocks cyberattacks across cloud, physical and containerised infrastructure.
The company did not reveal the other series A investors, but the round follows a $2m seed round in 2014 that was co-led by O’Reilly’s O’Reilly AlphaTech Ventures unit and backed by Harrison Metal and six angel investors.
Andrew Peterson, CEO of Signal Sciences, said: “Agile development has changed the way enterprises release code, but until now, security technology has not kept up with the pace of innovation. Shocking as it sounds, the majority of businesses today don’t even know they have been hacked until they are informed by someone else well after the fact.
“By being forced to take a radically new approach to web application security, we learned that you have to bridge the gap between security teams, developers and any other departments that need to be aware of a company’s security issues to enable teams to confidently move at the speed they need to succeed.”