San Francisco-based startup ngrok Inc., the developer of a reverse proxy platform, has announced that it has closed a USD 50 million funding round.
Lightspeed Venture Partners was the lead investor in the Series A round. Coatue additionally took part. Network requests sent between servers in an enterprise frequently go through a reverse proxy system before they arrive at their final destination. Reverse proxies check network requests for compliance with cybersecurity standards and stop potentially harmful traffic.
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The system also aids in other tasks, such as maximizing the use of cloud infrastructure.
Read More: Reverse proxy startup ngrok raises $50M in funding
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