Home Latest Insights | News Egypt-based Cybersecurity Firm, Buguard, Announces $500,000 Seed Fundraise

Egypt-based Cybersecurity Firm, Buguard, Announces $500,000 Seed Fundraise

Egypt-based Cybersecurity Firm, Buguard, Announces $500,000 Seed Fundraise

Egypt-based Cybersecurity firm, providing application security, Buguard, has announced the raise of $500,000 in seed fund.

The seed round was led by A15, an early-stage venture capital firm that invests in digital and technology brands. The round also had participation from several other Angel Investors.

Buguard disclosed that it will use the funds raised, to develop its team with a particular focus on product, sales, and channel partnerships. Alongside its fundraising, the company also launched a new SaaS product called Dark Atlas, which will be used for dark web monitoring and account takeover protection.

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Speaking in the fund raised, Founder and Chief Technology Officer of Buguard, Youseff Mohamed said,

“We are delighted to announce our fundraising, and I thank A15 for its great support. The world of dark web cyber threats is very real, dynamic, and growing. Any company can be a victim and one must be prepared. Our team at Buguard is hand-picked and includes some of the world’s leading security researchers and engineers, coupled with a subscription-based, SaaS product – Dark Atlas – that goes broader and deeper than existing alternative solutions.

“We are already globally facing clients across the world, but our immediate strategy is to grow even stronger in the GCC. We look forward to expanding into Saudi Arabia during 2023 and using our proceeds to help fulfill our significant growth potential.”

A15 General Partner Karin Beshara, commenting on the company’s investment in Buguard, said,

“We have been very impressed by the domain expertise exhibited by Buguard’s security researchers and engineers and are very excited to partner with Youssef and Buguard’s best-in-class team”.

He added that businesses must adopt proactive cybersecurity measures to counter the ever-changing tactics of internet criminals.

Founded in 2021, Buguard is a multi-award winning supplier of Application security Assessments, GRC Services, Bug Bounty Programs, Penetration Testing, Dark Web monitoring, Red Teaming, Security Consultations, Managed Security Services, and Security Outsourcing to major enterprises and Midsize companies to help secure their businesses.

By performing different Security Assessments on the scope, Buguard can identify vulnerabilities on a company’s network, application, or code and analyze the risk and its impact on the organization. Then the company goes ahead to find the best mitigation for the discovered vulnerabilities and delivers a very detailed report.

Buguard offers several services which include, Applications Penetration Testing, Cloud Security Assessment, Telecom Network Security, Information security awareness programs design, SOC Setup, and Preparation Consultancy, and Managed Bug Bounty Program, amongst others.

The company ensures its clients are equipped to continually prevent, identify, and respond to cyberattacks by utilizing its awareness of attackers’ techniques to penetrate defenses, in-depth knowledge of the newest security tools, and a dedication to innovation.

Buguard is dedicated to assisting businesses in protecting their technology, information, and people. Its customized services, along with its industry-leading cyber security knowledge, offer a comprehensive solution to a wide range of cyber security issues.

Since its inception, Buguard has discovered 3,000 vulnerabilities, helped 1,500 companies, completed 250 projects, and secured 100,000,000 users. It has worked with notable clients across the globe, such as Brand Trace, Zopto, PelicanCorp, Refersion, Pactera Edge, NameBee, CASHIN, Windscribe, and several others.

Notably, Buguard, which is notable for its outstanding offerings, has received several industry recognitions and awards. In 2020, the company became a Silver Winner in the Best “Security Startup of the Year” category according to IT World Awards. In 2021, it was the Bronze Winner in the Best “Security Startup of the Year” category according to IT World awards.

Buguard’s highly-trained security personnel have obtained several cybersecurity-related credentials from respected organizations in the information security sector. The team is renowned for finding critical security vulnerabilities in almost every big tech giant such as Yahoo, PayPal, Twitter, Snapchat, Mail.Ru, Epic Games, Amazon, eBay, Microsoft, Dell, Adobe, AT&T, and several others.

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