Cybersecurity firm ClearTrust raises $1.9 million in funding led by Ideaspring Capital, others

ClearTrust, a new-age ad tracking and fraud detection platform, said it raised $1.9 million in a pre-Series A funding round led by venture capital firm Ideaspring Capital with participation from Piper Serica Angel Fund.

Existing investor Alacrity India also participated in the round. Before the new round, ClearTrust had raised $200,000 in a seed round from Alacrity India, Limelight UK, and ThinkNext LLC in 2021.

With the fresh funding, the company plans to expand its operations into North America and further invest in research and development in AI, cybersecurity, and deeptech to develop critical filters that will help detect advertising frauds that have become one of the biggest threats to the advertising industry lately. ClearTrust has 34 clients in the US, Israel, India, and Europe.