Estonian cybersecurity startup Patchstack raises $5M
Estonian cybersecurity startup Patchstack has raised $5M. The round was led by Estonian Karma Ventures, with participation from Germany’s G+D Ventures and the Netherlands-based Emilia Capital.
Founded in 2017 by Oliver Sild, Dave J, and Agnes Sild, Patchstack has developed a security tool that automatically scans installed on the website's plugins to check for underlying data vulnerabilities. The company’s solution provides a live security overview for websites, offering recommended improvements and flagging vulnerabilities. The startup's tool automatically applies virtual patches (software updates) to protect against high and medium-priority vulnerabilities without modifying the site’s code or performance.
The company’s solution is built for the open-source content management system WordPress. Patchstack plans to expand its support to other content management systems (CMSs).
The startup’s solution scans more than 10M websites for vulnerabilities every day. Patchstack’s customers include GoDaddy, Digital Ocean, Plesk/cPanel, and others.
Founded in 2016 by Kristjan Laanemaa, Margus Uudam, and Tommi Uhari, Karma Ventures is an early-stage venture capital firm, investing in late seed and A-series European startups. The firm injects up to €5M in the initial round and also makes follow-on investments in later rounds.
