About Baffin Bay Networks
Baffin Bay Networks is a company based in Stockholm (Sweden) founded in 2017 by Joakim Sundberg was acquired by Mastercard in March 2023. Baffin Bay Networks has raised $6.4 million across 1 funding round from investors including Mastercard and EQT Ventures. Baffin Bay Networks has completed 1 acquisition, including Loryka. Baffin Bay Networks offers products and services including Threat Protection Platform, DDoS Protection, Bot Protection, Web Application Firewall, and Intrusion Prevention System. Baffin Bay Networks operates in a competitive market with competitors including Jetpack, ScanSafe, Trust Lab, Monarx and Tala Security, among others.
- Headquarter Stockholm, Sweden
- Founders Joakim Sundberg
- SectorsTechnology
- Email••••••••
- Website baffinbaynetworks.com
- Social LinkedIn X Facebook
- Acquired by Mastercard (Mar 2023)
- Total Equity Funding$6.4M (USD)
in 1 rounds
- Latest Funding Round$6.4M (USD), Series A
Jun 2018
- InvestorsMastercard
& 1 more
- Investments & Acquisitions
- Acquired byMastercard
(Mar 2023)
Products & Services of Baffin Bay Networks
Baffin Bay Networks offers a comprehensive portfolio of products and services, including Threat Protection Platform, DDoS Protection, Bot Protection, Web Application Firewall, and Intrusion Prevention System.
Cloud-based platform to mitigate cyberattacks using intelligence.
Service to precisely stop distributed denial-of-service attacks.
Detects and blocks malicious bot activities on websites.
Protects against vulnerabilities in web applications.
Inspects and blocks threats targeting servers and systems.
Enhances website speed and user experience online.
Funding Insights of Baffin Bay Networks
Baffin Bay Networks has successfully raised a total of $6.4M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.4 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.4M
- Total Rounds 1
- Last Round Series A — $6.4M
- First Round $6.4M
(Jun 2018)
- Investors Count 1
All 1 funding rounds of Baffin Bay Networks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2018 | $6.4M | Series A | – | EQT Ventures | – |
2 investors in total: 2 institutional.
Investors in Baffin Bay Networks
Baffin Bay Networks has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Mastercard and EQT Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology and innovation sectors. | – | eqtventures.com | - | |
Global payments are processed via card network connections. | 1966 | mastercard.com | Purchase, United States |
Investor details for Baffin Bay Networks
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People of Baffin Bay Networks
7 people are tracked at Baffin Bay Networks (3 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Joakim Sundberg | Founder & CEO | Leadership |
James Tucker | Director, Systems Engineering | Leadership |
Andreas Åsander | CEO | Leadership |
Johan Östling | System Developer | Team |
Jamil Maqdis Anton | Senior System Developer | Team |
David Trång | Senior Software Engineer | Team |
Pär Lundgren | Lead Data Scientist | Team |
Complete people profiles for Baffin Bay Networks
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Investments & Acquisitions by Baffin Bay Networks
Baffin Bay Networks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Loryka.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Security solutions are provided by Loryka for threat protection. | loryka.com | Portland, United States | 2016 | Jan 2019 | •••• |
Complete acquisition details for Baffin Bay Networks
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Timeline of Baffin Bay Networks
4 dated milestones of Baffin Bay Networks across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Baffin Bay Networks is founded.
- Funding First funding round of $6.4M.
- Acquisition Acquires Loryka.
- Exit Acquired by Mastercard.
Competitors of Baffin Bay Networks
Baffin Bay Networks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jetpack, ScanSafe, Trust Lab, Monarx and Tala Security, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jetpack.com | 1996 | Los Angeles, United States | $2.4M | 846 | Website security and performance enhancements are delivered by Jetpack. | |
| scansafe.com | 2004 | San Francisco, United States | $28.5M | – | Cloud-based web proxy security is delivered for enterprise web usage. | |
| trustlab.com | 2019 | Palo Alto, United States | $15M | – | Website security solutions provider | |
| monarx.com | 2017 | Salt Lake, United States | $9.4M | – | Cloud-based protection for web servers against malicious attacks is provided. | |
| talasecurity.io | 2016 | San Francisco, United States | $9.51M | – | Website threat detection solutions are provided for client-side protection. | |
| chaitin.cn | 2014 | Beijing, China | $15.08M | – | Threat detection and vulnerability assessment for web applications are provided. | |
| memcyco.com | 2021 | Bnei Brak, Israel | $10M | – | Real-time digital impersonation and ATO fraud protection is offered by Memcyco. | |
| edg.io | 2001 | Phoenix, United States | – | 980 | Offers cloud-based API security solutions for enhanced protection. | |
| dasient.com | 2008 | Palo Alto, United States | $2M | – | Web anti-malware solution to detect web threats |
Detailed competitors of Baffin Bay Networks
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Latest news on Baffin Bay Networks
Complete news archive for Baffin Bay Networks
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- Brand-specific news history
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Similar companies to Baffin Bay Networks
10 companies that operate in the same segment as Baffin Bay Networks (Cybersecurity & Data Protection), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 4,260 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 2,241 | |
Cloud-based identity management solutions are provided for enterprises. | 2002 | Denver, Colorado, United States | USD 136.89 M | USD 36.94 M | 821 | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
AI-based software suites are developed for navigation applications. | 1893 | Paris, France | – | USD 26.01 B | 83,020 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | – | |
Cloud-based identity management and authentication are provided for enterprises. | 2009 | San Francisco, California, United States | USD 231.3 M | USD 2.92 B | 5,910 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Identity security solutions are provided to secure identities across infrastructures. | 1999 | Petah Tikva, Central District, Israel | USD 59 M | USD 1 B | 3,790 |
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Frequently Asked Questions about Baffin Bay Networks
Baffin Bay Networks was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Baffin Bay Networks is headquartered in Stockholm, Sweden.
Joakim Sundberg is the current CEO of Baffin Bay Networks. They have also founded this company.
Baffin Bay Networks is a funded company, having raised a total of $6.4M across 1 funding round to date. The company's 1st funding round was a Series A of $6.4M, raised on Jun 2018.
Baffin Bay Networks was founded in 2017 in Stockholm, Sweden, focusing on cybersecurity services. Threat protection is offered against distributed denial-of-service attacks and web application vulnerabilities. Mitigation is provided for malware and exploit codes, while exploitation of weaknesses in web apps is prevented. Real-time logging, reporting, and statistics on attack attempts are included. Operations are conducted on a global scale, with monthly pricing determined by business size and selected package.
Baffin Bay Networks's top competitors include Jetpack, Monarx and Tala Security.
Baffin Bay Networks offers Threat Protection Platform, DDoS Protection, Bot Protection, Web Application Firewall, and 2 more products and services.
Baffin Bay Networks has made 1 acquisition, including Loryka.
Baffin Bay Networks has 2 investors. Key investors include Mastercard, and EQT Ventures.
Yes. Baffin Bay Networks was acquired by Mastercard in March 2023.