Cyber firm VMRay extends Series B to $34m


VMRay, an advanced threat detection and analysis firm, has raised $34m in a Series B led by Tikehau Capital.  

Also participating in the round were NRW.BANK and Gründerfonds Ruhr. VMRay offers solutions for enterprises, governmental organisations and MDRs to detect and analyse the most challenging malware and phishing threats.

VMRay was founded to overcome a big vulnerability in cybersecurity: new, unknown, and sophisticated threats and targeted attacks.

The company started its journey by developing a unique, hypervisor-based approach to sandboxing, and kept adding cutting-edge technologies, including its own Machine Learning models, to address emerging and evolving challenges.

The solutions aim at improving the efficiency of SOC teams with accurate verdicts, noise-free output, and seamless integrations with major EDR, XDR, SOAR, and Threat Intelligence Platform vendors. The company is now working with 4 of the world’s top 5 technology companies, 37 leading financial institutions and 56 governmental organizations around the world.

According to VMRay, the new investment will fuel further expansion of the product portfolio to target a broader set of market segments.

VMRay CEO and co-founder Carsten Willems said, “The cyber threat landscape is going through a profound change, and with the increasing volume and complexity of new threats, our customers face new challenges. The latest investment has been a collaboration with a strategic scope, enabling VMRay to make its product suitable for a wider range of market segments and use cases including threat intelligence, security automation and MSSPs.”

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