Easy-to-integrate security software Templarbit secures $3MM seed funding to protect applications from malicious activity
San Francisco, California — February 21, 2018 – Templarbit, the developer-oriented security platform that helps small and large companies protect their software, today announced it has secured $3M in seed funding. 205 Capital led the round, joined by Y Combinator and Lightspeed Venture Partners as well as cybersecurity expert and CEO of vARMOUR Tim Eades; Somesh Dash, the general partner at IVP; Okapi Venture Capital and others. The money will be used to expand the company's team and product line.
Templarbit was founded in 2017 by Bjoern Zinssmeister and Matthias Kadenbach. The two security engineers previously worked together at Synack, where they helped protect the Pentagon, DoD, IRS and Fortune 100 clients from security breaches. During their years working in security they realized that companies often spend millions of dollars protecting themselves but were still incredibly vulnerable inside the application layer. Most breaches use a website or application as the attack vector. Templarbit solves this by protecting companies and their digital properties right from within those apps. "We realized there is a big need for a security solution that can easily be understood and deployed. Something that helps software teams protect what they are building,” said Templarbit Co-founder and CEO, Bjoern Zinssmeister.
Templarbit’s reporting dashboard can help developers discover and fix security problems in realtime and shows them in most cases exactly where in their app the issue exists. The average team increases both their defense to injection attacks and their visibility into malicious activity by over 50%.
“AppSec is a space that is growing very fast. We believe that the team behind Templarbit has leveraged their insights to build a solution that works for companies of any size,” said Yash Sandesara, Founder & Managing Director of 205 Capital.
Founded in 2017 by Bjoern Zinssmeister and Matthias Kadenbach, Templarbit develops simple to deploy, intelligent security solutions. Templarbit was part of Y Combinator’s latest summer 2017 batch where they worked alongside some of Silicon Valley’s brightest minds.