Whalebone Secures €13.35M in Funding to Accelerate Global Expansion in Cybersecurity Solutions

Whalebone Secures €13.35M in Funding to Accelerate Global Expansion in Cybersecurity Solutions

Whalebone, a leading cybersecurity firm focused on safeguarding telecommunications networks, has successfully raised €13.35 million (approximately $14 million) in Series B funding. This significant investment is set to bolster the company’s initiatives aimed at global expansion and enhancing customer success.

Details of Whalebone’s Series B Funding

The latest funding round was spearheaded by Unbound, a London-based venture capital firm, with contributions from existing investors such as Day One Capital and early angel investors. The capital injection will play a crucial role in supporting Whalebone’s strategic goals, which include:

  • Expanding globally to new markets
  • Enhancing customer success initiatives
  • Accelerating the development of its product roadmap

Focus on Enterprise and Public Sectors

Whalebone is committed to strengthening its presence not only in the telecommunications sector but also in the enterprise and public sectors. The company aims to enhance its threat intelligence capabilities, a critical component in the fight against cybersecurity threats.

Innovative Cybersecurity Solutions

Whalebone specializes in providing cybersecurity solutions tailored specifically for telecommunications providers, enterprises, and public institutions. Their technology offers:

  • Seamless protection against malware, phishing, and ransomware attacks
  • A secure digital environment without requiring software installation
  • Robust protection for financial institutions against online threats

Global Expansion and Partnerships

This funding announcement comes on the heels of Whalebone’s recent expansion into the APAC region, where it has secured partnerships with major telecom providers, including:

  • Smart Axiata in Cambodia
  • Tele2 in Kazakhstan
  • Vietnamobile
  • Dhiraagu in the Maldives

Leadership Insights

Unbound’s CEO, Shravin Bharti Mittal, expressed enthusiasm about leading this investment, highlighting their understanding of the telecommunications industry and the challenges involved in creating a telco-first cybersecurity solution. He stated:

“We are impressed by how Whalebone has created a proposition that benefits both operators and their subscribers. We look forward to leveraging our experience and networks to fuel Whalebone’s next stage of growth.”

Additionally, Vikram Dhingra, Managing Director at Unbound, emphasized the urgent need for innovative cybersecurity solutions as mobile-first banking and payment methods increase susceptibility to cyber threats. He noted:

“Whalebone is clearly leading the way in developing Embedded Cybersecurity solutions that protect individuals and small to medium-sized businesses.”

A Vision for the Future

Whalebone is driven by its ambitious mission to protect one billion users globally. With this latest funding, the company is poised to scale its operations and expand its innovative cybersecurity solutions across various regions, including Europe, LATAM, APAC, and MEA.

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For more information about Whalebone and its cybersecurity solutions, visit their official website at Whalebone.io.

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