watchTowr founder and CEO Benjamin Harris
Singapore-based cybersecurity startup watchTowr has secured a US$19 million Series A funding round led by Peak XV Partners, with repeat participation from Prosus Ventures and Cercano Management.
The company plans to use the capital to accelerate its global growth by expanding its go-to-market, research, and engineering teams.
This recent investment brings watchTowr’s total funding raised to US$29 million.
Also Read: Cybersecurity startup watchTowr bags US$8M pre-series A co-led by Prosus Ventures, Vulcan Capital
Founded in August 2021 by former hacker turned entrepreneur Benjamin Harris, watchTowr offers solutions to help organizations uncover critical weaknesses in their cybersecurity defenses. It provides real-time insights into an organization’s external attack surface, enabling the identification of vulnerabilities that could be exploited by attackers.
watchTowr has gained traction over the past year, attracting interest from critical infrastructure and Fortune 500 companies seeking to enhance their security measures.
“If there’s a vulnerability in your organization, watchTowr will detect it,” stated Harris. “In the past year, our predictions have proven true. Attackers have become more adept at exploiting emerging vulnerabilities, increasing their attacks on organizations, and significantly reducing the time to exploit vulnerabilities. We strongly believe that rapid response to these threats is a crucial capability for security teams to utilize.”
Also Read: watchTowr can tell an organization in real-time if it can be compromised
Along with the funding announcement, watchTowr appointed former Cloudflare President of Field Operations & Chief Revenue Officer Chris Merritt to its board of directors. Merritt brings over a decade of experience at Cloudflare, aiding the company in achieving over US$1 billion in yearly recurring revenue.
In 2022, watchTowr raised US$8 million in a pre-series A investment round co-led by Prosus Ventures and Vulcan Capital. The startup previously received US$2.25 million in funding in November 2021 from Vulcan Capital and Wavemaker Partners.
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