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.
European Investment Bank (EIB) Global has injected $30 million into Seedstars Africa Ventures I, a venture capital fund empowering African startups and businesses through risk capital.
LeaseSurance, a South African insurtech startup that has developed a platform to replace security deposits in rental real estate, has raised $161,000 in seed funding.
Egypt’s T-Vencubator, a prominent venture capital firm and incubator, has unveiled its initial investment program, which aims to back five startups by 2025.
© 2021 Empower Africa. All rights reserved.