Cybersecurity company Stamus Networks closes its seed round

Cybersecurity company Stamus Networks has closed its oversubscribed seed round on $1.5m

The capital injection was co-led by VisionTech Angels and Elevate Ventures. A number of unnamed angel investors also contributed to the round.

As part of the deal, VisionTech Angels and Elevate Ventures will has representatives on the Stamus Networks boards.

Founded in 2017, the company identifies online threats by correlating network traffic analysis and threat detection in real-time. The system uses its intrusion detection and advanced analytics to provide businesses with visibility and insights into an organisation’s security posture, enabling them to combat threats and better respond to incidents.

VIssionTech Angels investor Vercie Lark said, “Stamus Networks addresses an important need in the marketplace for enterprise-scale cybersecurity and has created a unique enriched threat hunting solution.

“Customers have told us the company’s Scirius platform allows them to replace several existing products and is very effective at proactively uncovering real threats. One of the most important factors we consider with any investment is the quality of the management team. Stamus Networks’ team brings a solid track record in the cybersecurity space with both commercial and technical successes.”

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