Egyptian cybersecurity startup Buguard raises $500k seed funding round for GCC expansion

Founded by Youssef Mohamed in 2021, Buguard offers offensive security services including penetration testing and vulnerability assessment, phishing simulation, compromise assessment, threat intelligence and red teaming. 

Since it commenced operations, the startup has served many of Egypt’s leading businesses in their respective fields, including Paymob, Fawry, EFG-Hermes, Halan, Lucky, Thndr, MaxAB, Eksab, Rabbit Mart, amongst others. It has also developed a global client base spanning Saudi Arabia, the United States, France, Australia, Japan, the United Kingdom, Singapore, and the United Arab Emirates. 

Buguard’s US$500,000 seed round was led by A15, a MENA venture capital firm, with participation from angel investors. It is the first external funding the startup has taken on, having bootstrapped thus far, and will be used to grow its team, and expand into the GCC region this year.

Meanwhile, Buguard has launched Dark Atlas, its new SaaS product for dark web monitoring and account takeover prevention.