Buguard raises $500k in a seed round to fund growth
Summary
Buguard will use the funds to grow its team, focusing on product, sales, and channel partnerships.Founded by Youssef Mohamed In 2021, Buguard offers offensive security services that protect its clients against dark web cyber attacksincluding penetration testing and vulnerability assessment, phishing simulation, compromise assessment, threat intelligence and red teaming.Youssef Mohamed, Founder and Chief Technology Officer of Buguard, while speaking on the raise said: We are delighted to announce our fundraise, and I thank A15 for its great support. Our team at Buguard is hand-picked and includes some of the worlds leading security researchers and engineers, coupled with a subscription-based, SaaS productDark Atlasthat goes broader and deeper than existing alternative solutions.Africa has not been immune to the surge in global cyber attacks. As of February 2023, approximately 90% of African businesses were operating without cybersecurity protocols in place, making them increasingly vulnerable to cyber threats like hacking, phishing and malware attacks. Karim Beshara, A15 General Partner, commented.According to a statement seen by TechCabal, Youssef Mohamed, Founder and Chief Technology Officer of Buguard asserts that the companys current focus is to strengthen its presence in the GCC region first, before considering any expansion plans. We look forward to expanding into Saudi Arabia during 2023 and using our proceeds to help fulfill our significant growth potential, he said.Get the best African tech newsletters in your inbox
Funding
Review available funding amount, funding date, investors, and linked company information related to Buguard raises $500k in a seed round to fund growth in the interactive ISVWorld profile.