Ericsson Ventures has participated in a series B round for cybersecurity software provider TrueFort, reportedly increasing its total funding to almost $48m.
US-based software security platform developer TrueFort completed a $30m series B round on Wednesday featuring Ericsson Ventures, the corporate venturing arm of communications technology producer Ericsson, TechCrunch reported.
Venture capital firm Shasta Ventures led the round according to a company press release, with additional investments from Canaan Partners, Evolution Equity Partners, Lytical Ventures and Emerald Development Managers.
Founded in 2015, TrueFort has built a zero-trust cybersecurity platform that detects and addresses cyberattacks on organisations’ critical software applications across traditional and…
