Vancouver—MergeBase, a security company focused on protecting the software supply chain, has completed a seed round financing of CA$1.56 million to support its continued growth, which was assisted by Dentons in Canada.

The investment will allow MergeBase to expand globally and help technology companies, financial institutions, and critical infrastructure dramatically reduce the effort needed to protect their software supply chain from threats such as the global Log4j exposure and the conflict in Ukraine.

“MergeBase is the only solution that can identify vulnerabilities in your applications, regardless of whether you build the components in-house or purchase the components from third-party software vendors. Third-party components, such as Log4j and Apache Struts, are at the root of the worst data breaches in history and are routinely exploited by cyber hackers,” said Oscar Van Der Meer, its CEO. “MergeBase provides the most effective and expedient way to identify the risks and implement remediation options. These remediation options range from advanced developer guidance to SCA run-time protection.”

Dentons assisted MergeBase in closing this financing round with a team comprised of Arik Broadbent and Clemens Maschke. The investment round was led by Malom Beteiligungs-GmbH, a German based technology investor.

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