AppDetex Raises $10 Million in Series B Funding
March 2019 by Emmanuelle Lamandé
AppDetex announced it has raised $10 million in Series B equity financing to expand
national sales and marketing efforts and invest in product development.
The round is
led by First Analysis, a leading venture capital firm investing in established
rapid-growth companies, with existing investors including EPIC Ventures and Origin
Ventures also participating in the round. The Series B funding rounds out $17.5M in
total funding to date.
The Boise-based company was founded in 2012 by digital risk protection pioneers
Faisal Shah and Chris Bura. AppDetex provides technology solutions and services to
global corporations experiencing reputation and revenue loss from brand
infringements outside the firewall via mobile or online activity. This expanding
scope of a brand’s online presence across multiple platforms increases the
complexity and urgency around protecting against counterfeiting, piracy, phishing,
cybersquatting, and unauthorized use of trademarks. AppDetex supplies a solution that combines domain monitoring and protection with digital risk protection
across multiple channels.