Dubai's SpiderSilk raises $500,000 seed to help companies prevent cyber attacks
Summary
Founded last year by Rami El Malak who has previously founded and led different businesses and Mossab Hussein who was a Product Manager at Careem and Dubai-based TaskSpotting, SpiderSilk helps companies improve their cybersecurity by first simulating real-life cyber attacks and then advising on how to protect against them. SpiderSilk finds security exploits and vulnerabilities in applications residing within both public and internal infrastructure and has collaborated with Samsung Global, Huawei, EA Games, Navblue, and WeWork. SpiderSilk last year also discovered an exposed fax server of a healthtech company that is behind a leading electronic medical records software makers for hospitals, doctor’s offices, and pharmacies. The server was leaking data in the form of thousands of doctor’s notes, medical records, and prescriptions on a daily basis. Rami El Malak, the co-founder and CEO of SpiderSilk, speaking to MENAbytes, said, that they are using their current service offering as R&D to validate their technology and methodology, “We’re planning to use the investment to expand our team to build the product which we plan to offer as a ‘security as a service’ later this year.” Speaking about the investment, Rami further added, “We went with Global Ventures, because while we are Dubai based and are proud to be protecting our community here, the opportunity that we have is global.