Enginsight, a seasoned German provider of an all-in-one cybersecurity platform, has successfully concluded a new funding round, securing €6m.
The round was led by UVC Partners, with notable co-investors including Carsten Maschmeyer’s seed+speed fund, bm-t beteiligungsmanagement thüringen GmbH, Brandenburg VENTURES GmbH, Smart Infrastructure Ventures, and Talanx AG.
This new investment brings Enginsight’s total funding to €6m, aimed at enhancing its mission to safeguard German SMEs against the rising tide of cyber threats. SMEs, which constitute 99.4% of the German economy, are often at higher risk due to their limited resources and cybersecurity expertise.
Enginsight’s platform is designed to protect these companies from the severe financial implications of cyberattacks. The platform serves a broad range of industries and company sizes, offering robust protection that scales from small firms to large enterprises with up to 10,000 employees.
The company plans to use the new capital to intensify its cybersecurity measures.
Enginsight’s co-founder and CEO, Mario Jandeck, stated, “Our goal is to ease the burden on IT managers in SMEs and provide them with the transparency and control they need over their networks.
“Every day, about 70 new vulnerabilities are discovered in software products – a massive threat, especially considering the sensitivity and importance of business data. With our holistic approach, which focuses on threat detection, prevention, and automated vulnerability management, companies can act proactively to protect themselves.”
Max Tarantik, co-founder and COO of Enginsight, said, “These well-known deficits increase the risk, as cybercriminals even more frequently target SMEs. With our automated, all-in-one solution, we’re fighting against attackers and empowering SMEs to restructure their IT infrastructure and prepare for the future.”
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