Brave Software Reports $4.5 Million Seed Round

 

394388LOGOSAN FRANCISCO¬†—¬†Brave Software, which develops an ad-blocking browser, announced it has raised a $4.5 million seed round investment from leading venture capital firms and angel investors. Participating in the round are Founders Fund’s FF Angel, Propel Venture Partners, Pantera Capital, Foundation Capital, and Digital Currency Group. This round of funding will be allocated towards platform development and growth. This brings the total amount of funding to date to $7 million with previous angel funding from private investors.

Brave is a new open source browser for desktop and mobile that blocks invasive ads and online trackers to provide a faster and safer web experience. Unlike traditional browsers, Brave has a built-in ad-blocker (no extensions needed) which reduces page loading time, improves performance, and guards from ads infected with malware. On the desktop, Brave provides a 40% to 60% speed increase, and a 2x to 4x speed increase on mobile devices. Mobile users see a direct reduction in both battery and data plan consumption. Brave also protects users with leading privacy and security features such as HTTPS Everywhere (encrypted data traffic), fingerprinting shields, phishing protection, malware filtering, and script blocking.

Brave is partnering with BitGo and Coinbase to provide wallets and purchasing tools for the Brave Ledger, a new Bitcoin-based micropayments system that automatically and anonymously pays users’ favorite websites. Brave also will allow users and publishers to opt into a better, privacy-preserving ad model that shares revenue with users as well as publishers.

“Online advertisers have been exploiting user data for years without consent, sometimes even infecting devices with malware. It’s no wonder that 200 million users worldwide have adopted ad-blocking to defend themselves. Viewing content on the Internet should not come at the expense of one’s safety,” said Brendan Eich, President and CEO of Brave Software. “The Brave solution fends off intrusive ads and stops the collection of personal details by third parties, enhancing not just browsing speed, but security and privacy. With Brave, users can now fight back and keep their data private and defensible on their devices, while still supporting the content they wish to view via micropayments.”

“The amount of information that online advertisers are able to gather without consent is staggering. As more people become aware of these threats to their privacy, there will be huge demand for Brave’s technology,” said Cyan Banister, Partner at Founders Fund.

Brave is currently available in developer version, and will launch its 1.0 release in September 2016. Brave is available for download (https://brave.com/downloads.html) for mobile devices (iOS and Android), as well as the following desktop platforms: MacOS, Windows (32 bit and 64 bit), and Linux (Debian, Ubuntu, Fedora, OpenSUSE).