– ISRAEL, Tel Aviv – Reflectiz, an innovative solution provider in the third-party application security space, today announced the completion of a Series A financing round worth over $5 million led by Capri Ventures, a leading US early-stage enterprise tech fund, alongside existing investors.
“We are delighted to have received this vote of confidence from Capri Ventures and our current investors,” said co-founder and CEO, Idan Cohen. “We are already feeling the growing demand with multiple industry-leaders now protecting their websites successfully. Now, we are planning to scale up our sales and marketing operations, especially in the US market.”
Digital transformation is a global trend that is powered by third-party applications and frameworks. However, this comes at a price. Banking, fintech, insurance, healthcare, eCommerce, and eService platforms are dealing with a growing number of online threats. Reflectiz enters the picture by mitigating security and privacy blind-spots across customers’ digital assets to drive immediate value.
“We are thrilled to be partnering with Reflectiz,” said Gilly Ron, partner at Capri Ventures. “Reflectiz’s vision and solution are changing the way people look at third-party applications to create a safer digital environment for organizations and users alike.”
To support the growing demand for its cybersecurity solution, Reflectiz is in the process of expanding its development, sales, marketing, and operation teams. Reflectiz is also establishing new partnerships to solidify its foothold in the cybersecurity space and gain more expertise.
Reflectiz is a leading third-party application security solution provider. The company’s solution protects online businesses from third-party privacy and security risks, client-side threats like Magecart attacks, and more.
For more information: https://www.reflectiz.com/
About Capri Ventures
Capri Ventures is an early-stage venture capital firm focused on Enterprise Technology. The firm invests globally with a focus on seed-stage enterprise software. Capri Ventures is a leading US-based early-stage enterprise tech fund headed by a team of enterprise software executives, with many recent successes including fast-growing cybersecurity, artificial intelligence, machine learning, and cloud management companies
For more information: https://www.capriventures.com/
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