PureSec Raises $7M in Series A Funding to Secure Serverless Applications and Launches a Free Tier

TEL AVIV, Israel, Oct. 4, 2018 /PRNewswire/ -- PureSec, the global leader in serverless security, today announced a $7 million series A round, led by Square Peg Capital (portfolio companies include Uber, Stripe and Fiverr), with participation from previous investors including TLV Partners (investor in Next Insurance and container security company Aqua) and Entrée Capital (Meerkat, Monday and Prospa); this round brings PureSec's capital raised to a total of $10 million.

Founded in 2016, PureSec was the first company to identify the need for a unique security solution tailored for serverless applications; following its $3M seed round back in 2017, PureSec developed the world's only end-to-end Serverless Security Platform enabling organizations to build secure serverless applications and protecting them in real-time. PureSec is the only AWS Lambda security advanced technology partner and has also recently partnered with Microsoft as part of the exclusive Microsoft ScaleUp program.

Following the current round, Square Peg Capital's Dan Krasnostein will join as a member of the PureSec board.

"PureSec is pioneering the serverless security industry and is poised to become the gold standard for securing serverless applications," said Dan Krasnostein. "With many organizations adopting cloud-native serverless platforms, application security and visibility rank among the most critical hurdles for mass adoption. The PureSec team has accomplished impressive goals in 2018 ? it positioned itself as the clear leader in serverless security, raising awareness and educating the industry about the security risks and challenges that organizations must consider when adopting serverless, it launched the world's first Serverless Security Platform, acquired new customers, and forged strong partnerships with the leading serverless providers. Square Peg Capital looks forward to helping PureSec scale up its business and attain the next phase of growth."

In addition, PureSec today announced the release of a free-tier plan enabling organizations starting their adoption of serverless architectures to freely implement security early on.

"We're on a mission to protect each and every serverless application out there," said Shaked Zin, PureSec Co-founder and CEO. "Transitioning to serverless can reduce the future attack surface of your organization to a bare minimum. With the cloud provider's experts making sure your infrastructure is secure, and with the right Serverless Security Platform to protect the application layer, your serverless application could be the most secure application you've ever built".

PureSec now offers an early sign-up for its free-tier plan. Early joiners will also receive an exclusive advisory session from the serverless security professionals of the PureSec team, tailored to their specific serverless environment. The free-tier plan helps bridge the gap between developers and security professionals by providing a mutual language and a clear standard for securing serverless applications.

About Serverless:

Serverless computing is a cloud-computing execution model in which the cloud provider effectively acts as the server, running code directly and dynamically managing the allocation of machine resources. Organizations no longer have to worry about the infrastructure required to run their applications. Due to its superiority over traditional architectures in every aspect, serverless is considered to be the future of cloud computing. The adoption of serverless platforms like AWS Lambda, Microsoft Azure Functions and Google Cloud Functions is growing exponentially, at an estimated annual rate of 700%.

Organizations adopting serverless are still responsible for ensuring that application code doesn't introduce application-layer vulnerabilities. However, all traditional security protections are unsuitable for serverless. Since organizations that use serverless architectures do not have access to the underlying infrastructure, they cannot deploy traditional security layers such as endpoint protection, host-based intrusion prevention, Web Application Firewalls, or RASP (runtime application self-protection) solutions.

PureSec solves these problems through its holistic approach to serverless security. The PureSec platform integrates into existing CI/CD process, providing static analysis of serverless code and cloud configurations, detecting misconfigurations and vulnerabilities while providing best-practices based mitigation. Deployed applications benefit from the PureSec patent-pending runtime protection, empowering serverless functions to protect themselves, while providing unparalleled visibility to the application behavior.

About PureSec:

PureSec launched in 2016 and currently has 12 employees. Their main office is in Tel Aviv. Customers include numerous Fortune 1000 companies, alongside emerging startups in the US, Canada, the United Kingdom, Australia and Israel.

Additional Resources:

• To learn more about PureSec Serverless Security Platform, see: https://www.puresec.io
• Watch a demo of the Serverless Security Platform in action: https://www.puresec.io/watch_a_demo
• Top 10 Serverless Security Risks guide
• To start using PureSec Serverless Security Platform, visit: https://www.puresec.io/get-puresec
• Follow PureSec on Twitter: @puresecteam
• Follow PureSec on LinkedIn

Media Contact:
Lazer Cohen
WestRay Communications
[email protected]

SOURCE PureSec