Web Of Trust Raises €1 Million

    Helsinki-based Web Of Trust announced they have raised €1 million investment led by Inventure, the cross-border VC group based in Finland and China. Also in on the deal was Risto Siilasmaa, and the Finnish Industry Investment. The company will use the funding to keep up the pace of their development to match the huge growth the browser add-on has seen. In 2012, downloads of the add-on have doubled to 50 million.

    WOT provides a safe-surfing solution that provides traffic light signals next to links to show how other web users have rated their trustworthiness. Users rate approximately 300 000 websites every week and the add-on gives average 2.5 million warnings of untrustworthy sites every day.

    We covered WOT very recently – the service has been invited to Facebook’s AV Marketplace where Facebook users can find services to protect their computer.

    WOT CEO Markus Suomi filled us in with more details about the partnership, saying, “Given Facebook’s massive user base and growing interest on the AV marketplace we believe this to fuel accelerating growth of WOT community. This deal also re-confirms trust that Facebook has on our solution being able to detect online threats that the traditional AV solution cannot.”

    No further details about the Facebook partnership could be made available.