watchTowr, the cybersecurity startup has raised $19 million in Series A funding round led by Peak XV Partners, formerly Sequoia India & Southeast Asia.
The round also saw participation from existing investors, Prosus Ventures and Cercano Management. The latest investment brings its total funding raised to $29 million.
The company will use the funds to capture market leadership and accelerate global growth by expanding its go-to-market, research and engineering teams.
Over the past year, watchTowr has seen significant adoption from critical infrastructure and Fortune 500 companies looking to strengthen their security measures.
“If there’s a way to compromise your organization, watchTowr will find it. In the last 12 months, our predictions have been realized. Attackers have become faster at weaponizing emerging vulnerabilities, more aggressive at leveraging weaknesses to compromise organizations indiscriminately, and time to exploitation in the wild is now measured in single-digit hours. We strongly believe that rapid reaction to these threats is one of the most powerful capabilities security teams can leverage,” said Benjamin Harris, CEO and Founder, watchTowr.
watchTowr was founded by hacker-turned-entrepreneur Benjamin Harris. Benjamin has built a remarkable profile in the cybersecurity industry over 14 years after having hacked into his school network at the age of 16. Since then, he has been helping companies around the world strengthen their cybersecurity defense and processes.
Built by offensive security experts, watchTowr simulates the ingenuity and persistence of attackers and enables organizations to rapidly react to emerging techniques and threats. watchTowr’s Platform also builds a real-time attacker’s view of an organization, while continuously identifying and validating exploitable vulnerabilities and weaknesses before attacks occur.
In addition to funding, the company also announced the appointment of former Cloudflare President of Field Operations & Chief Revenue Officer Chris Merritt to its board of directors to help guide watchTowr’s global growth. Merritt spent over ten years at Cloudflare, helping the company scale to over $1 billion in annual recurring revenue. Today, he serves as an Operating Partner at Peak XV.
“watchTowr has an incredible team, technology and opportunity. They’re solving a major challenge for global organizations by enabling them to view their systems like trained adversaries, validate weaknesses and help stop breaches – at scale. watchTowr is seeing incredible interest, and we look forward to helping Ben and the rest of the team cement their future as the next market-leader in cybersecurity,” added Merritt.
