Clean.io secures $2.5 mln in Real Ventures-led seed funding


Photo courtesy of Clean.io

Baltimore, Maryland-based malvertising prevention platform Clean.io has raised US$2.5 million in a seed-stage financing.

Real Ventures, a Canadian early-stage venture capital firm, led the round.

Launched in 2017, Clean.io, formerly Clean Creative, has developed technology that uses behavioural analysis to protect publishers, advertisers and consumers from malicious advertising threats. It will use the funds raised to hire more engineering and security talent.

Real Ventures is currently investing from its fourth fund, Real Ventures IV, which closed at $180 million in 2017.

Photo: The team of Clean.io.

PRESS RELEASE

Emerging Malvertising Prevention Leader clean.io Raises $2.5M Seed Round

Using behavioral analysis, clean.io prevents and deters malicious digital media attacks

BALTIMORE, May 9, 2019 /PRNewswire/ — clean.io, the rapidly emerging leader in the prevention of cross-platform malvertising today announced the completion of its $2.5 million seed round led by Real Ventures. The company has been operating under the brand Clean Creative for the last 18 months, and today announced the rebranding of the company to clean.io.

clean.io is an innovative security company that protects the $100+ billion digital media ecosystem. clean.io’s solution uses behavioral analysis to prevent undesired JavaScript execution on websites and in apps so that consumers, publishers, advertisers and the platforms that serve them are no longer vulnerable to these types of attacks. Bad actors are leveraging the openness of the programmatic advertising ecosystem to buy media campaigns to launch their unwanted attacks, often fraudulently masquerading as legitimate brand advertisers.

“Programmatic advertising is the perfect breeding ground for bad actors to launch attacks since it is open, with the ability to reach billions of connected devices anytime, globally,” said Matt Gillis, CEO of clean.io. “The clean.io solution not only protects the ecosystem by preventing unwanted malicious attacks – but it also makes these attacks unprofitable for the bad actors, in turn deterring them from attacking partners protected by clean.io. We’re excited to have more fuel in the rocketship to build on the amazing traction we’ve had thus far.”

Lead investor Alan MacIntosh, Partner at Real Ventures added, “We are extremely excited to back the incredible team assembled at clean.io. Their rapid, early customer adoption attests to the acute challenge the digital media ecosystem is facing as well as the effectiveness of the solution the team has built. The talent and technology make an impeccable pairing to attack this massive problem that is causing disruption to the industry and its end users.”

The company will use the funds to continue scaling the business by adding more engineering and security talent to provide effective and robust solutions that protect publishers, advertisers, and consumers from threats against the free and open Internet. Thousands of websites and apps have already trusted clean.io to protect their monetization, and ensure a flawless user experience. Founded in late 2017, clean.io is headquartered in Baltimore, Maryland.