Estonian Patchstack secures $5M Series A for cybersecurity platform

TLDR:

• Estonian cybersecurity startup Patchstack raises $5M Series A funding round.
• Patchstack aims to cover the entire lifecycle of open-source security and provide fast mitigation to emerging threats.

Estonian cybersecurity startup Patchstack has secured a $5M Series A funding round led by Karma Ventures to further their mission of enhancing open-source security. The company’s unique approach combines vulnerability intelligence with application vPatching technology to provide real-time protection without user interaction or code changes. Patchstack’s free tool, co-funded by the EU, helps commercial projects comply with the upcoming Cyber Resilience Act, expected to be passed later this year. The company’s success is attributed to their gamified bug bounty program, participation in Google’s AI for Cybersecurity accelerator program, and market dominance in publishing WordPress-related security vulnerabilities. Patchstack founders aim to expand their support to other CMSs and the broader open-source software ecosystem to become the leading open-source software security company.