VUL9 Security Solutions, a homegrown cybersecurity startup based out of the UAE, has raised a fresh round of funding from two influential KSA investors, bringing the value of the 1 year old company to over $3 Million.
This is good news for the cybersecurity landscape in the UAE, and the GCC in general, where homegrown cybersecurity providers are scarce, let alone local startups trying to carve a market for themselves in this highly constricted field. Thankfully, challenges are what fuels entrepreneurs to take on seemingly-impossible tasks, so it comes as no surprise to see VUL9 take on the goliaths of the cybersecurity world even when everyone thought that a startup has no chance in this industry here. Co-founders Mohamed Amine Belarbi and Mohamed Zakariae El Khdime always knew it will be a tough ride, but now they have the financial and strategic backing needed to take their startups to the next level.
According to a global annual study by Gemalto, called the Data Security Confidence Index, almost 100% of organizations surveyed in the MENA region have said that they’d experienced a breach of some kind in the last five years leading up to 2016. – Inc. Arabia
VUL9 gathered some of the brightest ethical hackers (globally recognised by top technology companies such as Google, Facebook, Microsoft etc.) from the region and directed their skills towards helping GCC companies understand the various internal and external threats they can be subject to from a hacker perspective, their vulnerabilities across attack vectors and ways to protect against these cyberthreats.
Over the past year, VUL9 onboarded clients such as Careem, Forbes, Aramex, Abu Dhabi University and other marquee brands in the region, and are working to scale up their operations in Saudi Arabia post-summer.