Cybersecurity startup Blackpanda raises US$15m

BLACKPANDA, a cybersecurity firm based in Singapore, has raised US$15 million in a Series A funding round co-led by Primavera Venture Partners and Gaw Capital Partners.

The round, which San Francisco-based WI Harper also invested in, brings the startup’s total funds raised to US$23 million.

The fresh funds will be used to expand Blackpanda’s cybersecurity services. The startup specialises in digital forensics and incident response.

Blackpanda is developing an artificial intelligence and machine learning-driven cybersecurity insurtech platform, the company said.

It has offices in Singapore, Hong Kong, Tokyo, Manila and San Francisco, and plans to deepen its presence in Asia.

Blackpanda’s CEO Gene Yu, a former US Army Special Forces officer and early employee of Palantir’s Asia team, founded the company with Matt Pecot and Kevin McCaffrey. Pecot was formerly head of markets for Asia-Pacific at Barclays.