Series A Investment Led by SYN Ventures with Participation from Existing Investor Peak XV Partners (Formerly Sequoia Capital SEA)
SquareX, a leader in Browser Detection and Response (BDR), has successfully closed a $20 million Series A funding round. The round was led by SYN Ventures, a prominent venture capital firm with a focus on cybersecurity investments, and supported by Peak XV Partners (formerly Sequoia Capital SEA), an existing investor.
In today’s digital landscape, the browser has become a primary target for cyberattacks, creating a significant security gap for enterprises. Traditional security solutions often fail to address browser-based threats, while proprietary enterprise browsers can create friction, impeding both user productivity and adoption. SquareX addresses this issue with its innovative BDR solution – a browser extension that transforms any browser into an enterprise-grade secure browser. This solution delivers all the functionality of dedicated enterprise browsers while eliminating the complex change management processes typically required.
SquareX’s approach empowers organizations to mitigate critical threats such as malicious extensions, phishing attempts, generative AI (genAI) data leakage, insider threats, and more, all within the browser environment. This significantly reduces an enterprise’s attack surface while maintaining a seamless user experience.
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“The browser is the new endpoint, yet it remains a major blind spot for most organizations. Existing solutions often force a trade-off between security and usability,” stated Vivek Ramachandran, CEO of SquareX. “We built SquareX to eliminate this compromise in browser security, offering robust protection that works with the browsers users are already familiar with. This Series A funding, led by the team at SYN Ventures, validates our vision of everyone being able to be online without fear.”
Jay Leek, Managing Partner and Founder of SYN Ventures, added, “SquareX is tackling one of the most significant and underserved areas in cybersecurity today. The browser is ground zero for countless attacks, and the team at SquareX has developed an elegant and powerful solution that provides critical visibility and control where it’s needed most – directly within the native browser experience.”
Shailendra Singh, Managing Director of Peak XV, remarked, “Having partnered with SquareX since their seed stage, we’ve been impressed by their vision and execution in tackling browser security challenges. We are excited to partner with them again as they demonstrate strong results in delivering much-needed cybersecurity capabilities to enterprise customers.”
SquareX’s groundbreaking BDR solution marks a new era in browser security, offering enterprises a powerful tool to safeguard against evolving cyber threats while enhancing user productivity and experience.