Hackuity, a risk-based vulnerability management platform, has emerged from stealth with a €12m Series A.
The round was led by Sonae IM and saw participation from existing investor Caisse des Dépôts. The company has raised a total of $17.2m since its founding.
Launched in 2019, the Lyon-based CyberTech claims it is a breakthrough technology solution that rethinks the way of managing IT vulnerabilities in enterprises.
The company claims it dramatically reduces remediation time and costs, focusing security experts on the main risk. It also provides a global and continuous view of the company security posture and helps to solve regulatory compliance challenges.
Hackuity leverages machine learning and advanced analytics to help with remediation, prioritisation, and orchestration across a customer’s environment, including infrastructure, development lifecycle, and applications.
The firm has added a vast amount of customers and expanded internationally since it launched, with offices in Singapore and Paris.
According to Hackuity, it intends to use the funding to push forward its go-to-market strategy, reinforce its engineering team, maintain a fast development rate and develop its buyer and user communities.
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