Back in 2013, we covered the seed funding of Wallarm, a “next gen” web security startup that aimed to protect businesses from application-level hacker attacks. The team of ex-white hat hackers had previously helped Russian companies like Mail.ru, Yandex and Parallels to block security threats. It’s perhaps little surprise that, with Russia being a tough place to raise money these days, Wallarm re-appeared in the U.S.
It’s now raised $2.3 million after going through Y Combinator. The money has come from Partech Ventures, along with Gagarin Capital (which also invested in Prisma, MSQRD), some enterprise security experts and YC partners.
The company graduated from Y Combinator’s S16 batch and claims it became profitable this summer.
Currently, Wallarm has about 100 paying clients, including enterprises such as Automattic, Parallels, Wargaming and Yandex, among others. It’s applying artificial intelligence systems to learn about hacker attacks and replay them back in a safe way so that systems can learn to be more robust.
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Mike Butcher (M.B.E.), formerly Editor-at-large of TechCrunch, has written for UK national newspapers and magazines and been named one of the most influential people in European technology by Wired UK. He has spoken at the World Economic Forum, Web Summit, and DLD. He has interviewed Tony Blair, Dmitry Medvedev, Kevin Spacey, Lily Cole, Pavel Durov, Jimmy Wales, and many other tech leaders and celebrities. Mike is a regular broadcaster, appearing on BBC News, Sky News, CNBC, Channel 4, Al Jazeera and Bloomberg. He has also advised UK Prime Ministers and the Mayor of London on tech startup policy, as well as being a judge on The Apprentice UK. GQ magazine named him one of the 100 Most Connected Men in the UK. He is the co-founder of TheEuropas.com (Top 100 listing of European startups); and the non-profits Techfugees.com, TechVets.co, and Startup Coalition. He was awarded an MBE in the Queen’s Birthday Honours list in 2016 for services to the UK technology industry and journalism.