vArmour

Activity indicators

The company's net annual revenue in 2020 doubled compared to 2019.

History

2021: Attracting $58 million of investments

In mid-February 2021, startup vArmour, developing solutions for protecting applications, received an investment of $58 million. On an equal basis with earlier existing investors of AllegisCyber Capital and NightDragon the Standard Chartered Ventures fund, Highland Capital Partners, the Australian operator Telstra, EDBI and fund of Vladimir of EvtushenkovaRedline of Capital also took part in this round of financing.

For several years, vArmour developed application protection technologies, raised money and found the first customers. They are mainly related to sectors such as telecommunications and financial services, which have undergone digital transformation in recent years. However, since this is a slow and complex process, attackers have the opportunity to get inside a confidential business network. The tasks of the vArmour are to monitor these networks and their services, detect vulnerabilities or suspicious activity and take measures to eliminate them.

Redline Capital founder Vladimir Yevtushenkov

CEO Tim Eades said this round is likely to be the latest fundraiser before the company's public offering, scheduled to take place by 2023. Eads also added that the company is considering certain acquisitions within the same time frame. It is known that vArmour also launched a new laboratory for the study of artificial intelligence in Calgary (Canada).

Last [2020] year turned out to be hellish, all companies rushed to the cloud, "Eads explained in an interview. The company does not disclose its value, although Eads confirmed that it has grown significantly. At the beginning of 2021, the startup attracted a total of $197 million in investments.[1]

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