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Egypt-based cybersecurity and dark web monitoring firm Buguard raised $500,000 in a seed funding round, according to a statement sent to Arab Finance. The funding round was led by A15, and angel investors participated as well.
The secured amount will be dedicated to bringing new team members, and focusing on shoring up products, sales, and channel partnerships.
“We are already globally facing clients across the world, but our immediate strategy is to grow even stronger in the GCC,” Buguard’s Founder and Chief Technology Officer Youssef Mohamed said.
“We look forward to expanding into Saudi Arabia during 2023 and using our proceeds to help fulfil our significant growth potential,” he added.
