- The company plans to use the cash to expand in current markets like North America and Japan
- It also aims to enter new territory like the U.K. and Singapore
According to a report by Geekwire, Polyverse raised $8 million to expand the reach of its cybersecurity technology. As per the report, the company’s main product “Polymorphing for Linux” scrambles open-source code without affecting its operation. It shields it from hackers on the lookout to make use of the weaknesses in the code. Japanese security giant Soliton Systems KK and existing investors were involved in the funding round.
Enter new territories like the U.K. and Singapore
The report added that Polyverse has been validated by the U.S. Department of Defense for mitigating zero-day attacks. It has also mitigated intrusions that occur when a vulnerability becomes public like WannaCry ransomware and hacks of companies like Equifax. The report said that the company said that its technology is “running on millions of servers.”
As per the report, the company has increased its employees by 50 percent over the last year. It has approximately 30 people on staff now. The company plans to use the cash to expand in current markets like North America and Japan. It also aims to enter new territories like the U.K. and Singapore.