About SpiderSilk
SpiderSilk is a company based in Dubai (United Arab Emirates) founded in 2019 by Rami El Malak was acquired by CPX in May 2025.. SpiderSilk has raised $11.75 million across 3 funding rounds from investors including CPX, Wa'ed Ventures and STV. SpiderSilk operates in a competitive market with competitors including CertiK, Optiv Security, DataGuard, SilverSky and Convergint, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Rami El Malak
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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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Funding Insights of SpiderSilk
SpiderSilk has successfully raised a total of $11.75M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9 million completed in November 2023. 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 3
- Last Round Series A — $9.0M
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First Round
First Round
(01 Nov 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series A - SpiderSilk | Valuation | Wa'ed Ventures | |
| Jan, 2021 | Amount | Seed - SpiderSilk | Valuation | Global Ventures , STV |
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| Nov, 2019 | Amount | Seed - SpiderSilk | Valuation | Global Ventures |
| 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 SpiderSilk
SpiderSilk has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include CPX, Wa'ed Ventures and STV. 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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Founded Year | Domain | Location | |
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Growth equity is provided for early-stage tech startups by STV.
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Founded Year | Domain | Location | |
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Investments are directed toward growth-stage tech firms in emerging markets.
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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 SpiderSilk
| 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 |
Financial Statements - SpiderSilk
| 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 |
Spidersilk Comparisons
Competitors of SpiderSilk
SpiderSilk 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 CertiK, Optiv Security, DataGuard, SilverSky and Convergint, 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 |
Online platform for blockchain and smart contract cybersecurity
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| domain | founded_year | HQ Location |
IT risk management solutions are delivered via a specialized platform.
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| domain | founded_year | HQ Location |
IT security, consulting, and data protection services are provided.
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| domain | founded_year | HQ Location |
Cloud security and compliance solution company
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| domain | founded_year | HQ Location |
Electronic security and fire alarm systems are integrated and serviced.
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| domain | founded_year | HQ Location |
A platform for security analytics and risk assessment is 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 Spidersilk
Frequently Asked Questions about SpiderSilk
When was SpiderSilk founded?
SpiderSilk was founded in 2019.
Where is SpiderSilk located?
SpiderSilk is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of SpiderSilk?
Rami El Malak is the current CEO of SpiderSilk. They have also founded this company.
Is SpiderSilk a funded company?
SpiderSilk is a funded company, having raised a total of $11.75M across 3 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Nov 01, 2019.
What does SpiderSilk do?
SpiderSilk was established in 2019 in Dubai, United Arab Emirates, within the cyber-security sector. Services focused on threat detection, risk assessment, and digital protection are delivered to clients across various industries. Operations are centered in the Middle East, supporting regional and international needs in information security. Leadership is provided by Co-Founder and CEO Rami El Malak, guiding strategic developments.
Who are the top competitors of SpiderSilk?
SpiderSilk's top competitors include CertiK, Optiv Security and SilverSky.
Who are SpiderSilk's investors?
SpiderSilk has 5 investors. Key investors include CPX, Wa'ed Ventures, STV, Global Ventures, and Magnus Olsson.