Web exposure management firm Reflectiz has announced raising $22 million in a Series B funding round that brings the total raised by the company to $28 million.
The new investment round was led by Fulcrum Equity Partners, with additional support from AFG Partners, Capri Ventures, YYM Ventures, and other investors.
Reflectiz was founded in 2016, is based in Boston, and has offices in Tel Aviv and Sydney. Since 2019, it has been offering a web exposure management platform designed to protect organizations’ data, users, and reputation.
The agentless platform detects third-party tools and services and open source components, maps their code to potential risks, and provides visibility into all website activity.
Reflectiz’s platform can de-obfuscate suspicious JavaScript code, looks for unmonitored components and malicious code, detects the behavior of third-party vendors, and provides organizations with web asset management from a centralized dashboard.
The platform can be used remotely, without code implementation, has no impact on website performance, and helps organizations stay compliant, Reflectiz says.
According to the company, the platform is used by global and Fortune 500 enterprises in the ecommerce, financial services, healthcare, hospitality, and insurance sectors.
The company will use the new funding to expand its product offering and to fuel its growth and go-to-market efforts. Additionally, it will establish global headquarters in Boston and scale its customer base.
“Enterprises invest millions to secure their own code, sharpening their SDLC process with their team, when the real risks are quietly entering through third parties and open sources beyond their control. Our mission is to challenge the status quo; Reflectiz brings the complete picture of web exposure and we believe this is where the industry is inevitably moving,” Reflectiz co-founder and CEO Idan Cohen said.
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