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
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.4 M (USD)
in 1 rounds
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Latest Funding Round
$6.4 M (USD), Series A
Jun 28, 2018
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Investors
Mastercard
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Mastercard
(Mar 20, 2023)
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 1
- Last Round Series A — $6.4M
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First Round
First Round
(28 Jun 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series A - Baffin Bay Networks | Valuation | EQT Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Global payments are processed via card network connections.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Baffin Bay Networks
Baffin Bay Networks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Loryka. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Security solutions are provided by Loryka for threat protection.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Baffin Bay Networks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Baffin Bay Networks Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Website security and performance enhancements are delivered by Jetpack.
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| domain | founded_year | HQ Location |
Cloud-based web proxy security is delivered for enterprise web usage.
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| domain | founded_year | HQ Location |
Website security solutions provider
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| domain | founded_year | HQ Location |
Cloud-based protection for web servers against malicious attacks is provided.
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| domain | founded_year | HQ Location |
Website threat detection solutions are provided for client-side protection.
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| domain | founded_year | HQ Location |
Threat detection and vulnerability assessment for web applications are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Baffin Bay Networks
Frequently Asked Questions about Baffin Bay Networks
When was Baffin Bay Networks founded?
Baffin Bay Networks was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Baffin Bay Networks located?
Baffin Bay Networks is headquartered in Stockholm, Sweden.
Who is the current CEO of Baffin Bay Networks?
Joakim Sundberg is the current CEO of Baffin Bay Networks. They have also founded this company.
Is Baffin Bay Networks a funded 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 28, 2018.
What does Baffin Bay Networks do?
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.
Who are the top competitors of Baffin Bay Networks?
Baffin Bay Networks's top competitors include Jetpack, Monarx and Tala Security.
What products or services does Baffin Bay Networks offer?
Baffin Bay Networks offers Threat Protection Platform, DDoS Protection, Bot Protection, Web Application Firewall, and 2 more products and services.
How many acquisitions has Baffin Bay Networks made?
Baffin Bay Networks has made 1 acquisition, including Loryka.
Who are Baffin Bay Networks's investors?
Baffin Bay Networks has 2 investors. Key investors include Mastercard, and EQT Ventures.
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