Outpost24 Announces Completion of €19m Funding Round

  • Cybersecurity evaluation company Outpost24 has announced it has shut a new funding spherical worth SEK 200m (€19m).

    The enterprise stated the funding, which was led by asset supervisor Swedbank Rohur and Nordic fairness financial investment business Alcur Fonder, will help it to develop its giving and companies throughout the world.

    This will come amid a growth in demand for cloud dependent security solutions in the previous 12 months, with organizations pressured to shift to a distant doing the job model.

    Outpost24 aims to assist corporations discover, evaluate and prioritize IT vulnerabilities by risk-based insights. In the latest years the Swedish firm, which is owned by Monterro, has developed its functions in Europe and the US with the acquisitions of SecludIT and Pwnie Specific.

    Peter Larsson, managing spouse at Monterro and chairman of the board of Outpost24 commented: “This funding round, completed for the duration of a world wide pandemic, is a vote of self-assurance in our entire stack security evaluation eyesight. Acquiring observed what a good technology and staff we’ve constructed, our traders are onboard with our mission to help organization companies automate cyber cleanliness and cut down risks.”

    Martin Henricson, CEO of Outpost24 mentioned: “As malware and phishing attacks continue on to make their way through company defense, there is a genuine need to have for firms to amount up cyber-hygiene via continuous assessment and unified security insights. I’m excited to embark on the up coming stage of expansion for Outpost24 by supporting our customers meet their risk reduction aims and accomplish higher efficiency.”

    Past 7 days, cloud security supplier Orca Security introduced a $55m Series B fund round to broaden its cloud security and compliance capabilities.