After raising $2.5 million in Series A funding recently, BitNinja is aiming to add a US-based lead investor in its soon to follow Series B round. The cybersecurity company from Hungary provides its services to clients globally.
“In the following round we are planning international fund raising,” said George Egri, CEO and founder of BitNinja. “We would like a U.S. based lead investor in the Series B round, which we plan to reach in the next 1 or 2 years.”
After being founded in 2014, BitNinja’s initial funding came from cybersecurity veterans and cloud entrepreneurs who invested €500,000. The latest round of $2.5 million in Series A funding was led by Lead Ventures. A Hungarian-American company, iEurope and another Hungarian investor, Oxo Technologies Holding, also joined this Series A round. BitNinja will use that funding to improve their existing ServerProtection SaaS tool and by developing new cybersecurity products.
BitNinja ServerProtection aims to give the ultimate protection against WordPress, Joomla and Drupal infections for hosted websites. It would provide an “easy-to-use” all-in-one SaaS cybersecurity tool, protecting more than 20,000 servers worldwide and defending against 10+ million attacks daily.
Small Business of the Year Winner
The announcement follows after the news that BitNinja was named a 2020 Small Business of the Year winner by Business Intelligence Group. The Business Intelligence Group’s annual awards program rewards companies, products and people that are leading their respective industries.
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. This organization is located in Beverly, New Jersey. Their proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.
“We are so proud to reward BitNinja for their outstanding 2020 achievements,” said Maria Jimenez, chief nomination officer of the Business Intelligence Group. “This year’s group of winners are clearly leading by example in the global business community.”