Published on StreetInsider.com, July 16, 2015 8:00 AM EDT
TEL AVIV, Israel, July 16, 2015 /PRNewswire/ —
Personal security app LogDog announced today the completion of a $3.5 million financing round. The funding will be used to expand R&D efforts, roll out additional features on its Android app and introduce an iOS version of the app. LogDog is also expanding its headcount, expecting to double its team over the next year.
The round was led by BRM Group and included existing investors TheTime VC, FirstTime Ventures, Maxfield Capital and Curious Minds Investments. This round of funding follows a seed round that was completed last fall.
In addition to the funding round, LogDog is also rolling out support for Twitter. The app is also enabled for Facebook, Dropbox, Gmail, Evernote and Yahoo!, and the company will introduce protection for Instagram and other online accounts in the near future.
LogDog is a personal cyber-security mobile app that protects private online accounts against hacking. The application immediately alerts users whenever it detects any suspicious activity on online accounts. By continuously scanning and monitoring accounts’ sign-in locations, times, device types used and other parameters, LogDog is able to detect anything unusual-such as a breach into the account that can lead to identity theft-and immediately alert users, enabling them to quickly take control of their accounts before hackers do. By comparing data between the user’s entire set of accounts, LogDog can detect even the most subtle change in a user’s behavior.
“LogDog’s goal is to provide our users with the same kind of protection large companies have for their data,” said Uri Brison, Founder and CEO of LogDog. “As one in four personal online accounts gets hacked, users deserve a higher level of protection that allows them to quickly take action to shut down the attempted hack.”
When LogDog discovers a suspicious login attempt, it will pull up the website where the attempted breach was discovered, allowing users to quickly change and update their passwords. LogDog also currently supports two-factor authentication for all services.
“We are very excited to lead this investment in LogDog and be part of a company that we believe will significantly change the way consumers protect their online accounts,” said Yael Reznik Cramer of BRM Group. “The anti-hacking space is ripe for innovation and LogDog’s unique platform is a true differentiator in the industry.”
LogDog is an anti-hacking solution that guards users’ online accounts by monitoring activity across multiple online services. LogDog sends alerts to users when a security breach is detected so that users can take action to protect their accounts before it’s too late. Let LogDog guard your private online information and give you peace of mind. For more information, visit http://www.getlogdog.com.
GK PR for LogDog