Security build

In a major funding round, Dope Security, a startup focused on secure web gateways, has raised $16M led by GV, Alphabet’s venture capital arm.

The new funding round will enable Dope Security to continue its mission of building secure web gateways designed to work on endpoints, not in the cloud. The company hopes to reduce risk and eliminate potential vulnerabilities caused by untrusted network connections and suspicious traffic patterns with its endpoint-based security gateways.

Dope Security’s endpoint-based gateways operate independent of cloud infrastructure, allowing organisations to protect their valuable assets more effectively. This prevents sensitive data from being accidentally transmitted over unsecured connections. In addition, by bypassing cloud infrastructure, these gateways also provide an extra layer of security.

In a statement, Dope Security CEO and Co-founder Ivan Miskovic said that the company is honoured to have GV as an investor. “This new funding round will help us serve more customers, build innovative technologies and transform the way organisations protect their perimeters from data theft and ransomware attacks,” he said.

Dope Security has become a leading provider of endpoint-based security gateways, with customers including banks, government agencies, utilities, and retail chains. The company also partners with Cisco, Microsoft, and AWS to extend its secure web gateways to additional enterprise customers.

The team at Dope Security also plans to use the new funding to optimize its products, refine its technology, and sharpen its focus on building a secure perimeter for its customers. With GV’s support and the strength of their products, Dope Security looks set to expand its reach even further.