Crowdsourced cybersecurity platform Intigriti has closed its Series A round on €4.14m.
ETF Partners, a European venture capital firm, led the investment and the firm’s partner Remy de Tonnac has joined the Intigriti board of directors.
The capital injection will be used to enhance the company’s platform and solidify its position in the European and international markets. It will also develop specific programmes for companies delivering sustainable solutions.
Intigriti was founded in 2016 and harnesses the “wisdom of the crowd.” It does this by connecting more than 15,000 ethical hackers from 130 different countries with organisations to uncover weaknesses and vulnerabilities within their systems.
The company changes traditional testing techniques to a more dynamic and data-driven approach through continuous pentesting, bug bounty and asset monitoring solutions.
Intigriti CEO Stijn Jans said, “In the past companies’ security was tested once a year, but today’s companies are agile and fast moving and so should the solutions protecting them be.
A company can easily have 20 software releases per day – meaning that they should also be tested every day! Collaborating with a community is the new normal and by working with the ethical hacking community companies can develop and innovate at a faster speed, knowing that their assets are continuously being tested.”
Copyright © 2020 FinTech Global
