The funding will help Scribe Security bring its solution to the market. Here are the top-line bullets you need to know.
Scribe Security, a software supply chain security startup, has raised $7M in seed funding from Elron Ventures, TAL Ventures, and YYM Ventures, among others.
How’s the company performing?
- Israel-based Scribe Security helps enterprises secure their software across several supply chains.
- The company has established open-source repositories with Docker Hub, GitHub, and Debian, among others.
- Scribe Security has an office in Tel Aviv.
Source: Scribe Security
Why does the market matter?
- The global supply chain security market is expected to reach a value of $1.23B by 2026, growing at a CAGR of 6.3%, according to Markets and Markets.
- The rising frequency and severity of cyberattacks across industries have contributed to market growth.
- Dependency on online businesses has risen amid the pandemic, which has led to increased instances of bad bot traffic and a greater focus on cybersecurity.
