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The $500,000 funding was led by A15, a prominent MENA venture capital firm, with the participation of several angel investors.
Founded in 2021, Buguard has emerged as a beacon of cybersecurity expertise in the Egyptian tech ecosystem.
The startup’s unique blend of advanced technologies and proactive security measures aims to counteract the increasing sophistication of cyber threats targeting both businesses and individuals.
Buguard’s approach to cybersecurity incorporates a blend of machine learning, behavior analysis, and real-time monitoring to swiftly identify and neutralize emerging threats.
The startup’s commitment to proactive cybersecurity solutions positions it as a critical player in an era where cyber attacks continue to grow in frequency and complexity.
Buguard intends to invest in the latest funding round to accelerate its expansion plans.
The company intends to intensify its efforts in bolstering digital defences across the Gulf Cooperation Council (GCC) countries.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Moove, a leading African vehicle financing startup, has announced securing $10 million in debt funding from Stride Ventures, a sector-agnostic venture debt firm.
Moroccan startup Tookeez, a pioneer in leveraging blockchain technology to improve customer loyalty programs, has secured $1.5 million in funding.
The African Development Bank Group (AfDB) has approved a Zambian Kwacha-backed Risk Sharing Credit Guarantee worth $32 million to help finance Zambeef Products Plc’s $100 million expansion plan in Zambia.