Cybersecurity: Wallarm’s Russians raise $ 2.3 million

by bold-lichterman

  • Founded in 2013 in Moscow, Wallarm, a Russian start-up specializing in cybersecurity, was exported across the Atlantic a year ago.
  • With this new investment, Wallarm plans to accelerate its business expansion.
  • The Russian company claims that more than 50% of its revenue comes from the United States.

The amount

The Russian start-up Wallarm, specializing in cybersecurity, completed a funding round of $ 2.3 million led by Partech Ventures. Amino Capital, Gagarin Capital Partners and the American accelerator Y Combinator also took part in this transaction.

The market

Founded in 2013 in Moscow, Wallarm exported across the Atlantic a year ago. Now based in San Francisco, the Russian start-up is accelerated by Y Combinator.

In the cybersecurity market, Wallarm has to face tough competition represented by the Americans McAfee and Symantec, the Russian Kaspersky, the Czech Avast Software and the Israeli Check Point.

The objectives of the Start-up

With this new investment, Wallarm plans to accelerate its business expansion. If the majority of the team is still based in Moscow, the Russian start-up now wishes to develop its American branch to conquer new market shares. Wallarm already claims that more than 50% of its income comes from the United States.

In addition to the US market, the company is also interested in Europe, with Germany, France and the UK in its sights.

CEO: Ivan Novikov

Launch: 2013

The head office : Menlo park

Activity: cybersecurity

Funding: $ 2.3 million in December 2016

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