We review the largest funding rounds in recent years in European companies specialising in Automated Cybersecurity. We also analyse the round of the San Sebastian-based CounterCraft, which has raised €2M.
About CounterCraft
CounterCraft is a Spanish company specialising in counterintelligence in the field of cybersecurity. Founded in 2015 in Donostia-San Sebastián with the aim of revolutionising the world of cybersecurity, CounterCraft has developed a disruptive and pioneering solution in Europe that uses deception techniques and tools to detect, discover and manipulate adversaries. This tool protects major companies in the financial sector, commerce, governments and security forces from sophisticated cybersecurity incidents by anticipating the attack.
The short and medium term objective of the company from San Sebastian is to expand internationally in Europe, the Middle East and to start up in the USA, as well as to continue with the growth of its team. CounterCraft operates globally in more than 20 Fortune500 companies.
CounterCraft identifies and actively responds to real-time attacks from cybercriminals, lone hackers, ex-employees, governments and others. In this way, attacks occur in a controlled environment to learn about targets, tools and techniques.
It is the first platform that automates the design, implementation, monitoring and maintenance of counterintelligence campaigns across all enterprise digital assets such as servers, mobile, web applications, mobile apps and WiFi hotspots. With this automation, organisations can achieve counterintelligence cost reductions of 95% versus traditional techniques.
CounterCraft closes a €2M round
CounterCraft, a San Sebastian-based counterintelligence company in the field of cybersecurity, has raised €2M in an investment round aimed at boosting its internationalisation process in Europe, the Middle East and the United States.
With this transaction, the company has received a total of €4M to date, of which over €3M has come from leading global cybersecurity investors such as Adara Ventures, Orza, Telefónica Open Future, a través de Wayra; además de Evolution Equity Partners, inversor de capital de riesgo internacional especializado ciberseguridad, que ha sido el último en sumarse. Además, CounterCraft ha recibido €1M del CDTI, a través del Ministerio de Economía y Competitividad, y del Instrumento PYME H2020 de la Comisión Europea.
CounterCraft is the first company to have the joint backing of these investors, recognised for their proven track record and expertise in technology and cybersecurity.
Analysis of Automated Cybersecurity investment in Europe
| Company | Description | Country | Amount | Date |
|---|---|---|---|---|
| Anagog | Anagog has created a mobile platform that makes mobility status detection and location data accessible to all. | Israel | $10M | 2018 |
| $4M | 2016 | |||
| Geoblink | Geoblink is a startup specialised in Location Intelligence that has developed a SaaS platform that allows companies to optimise the performance of their network of establishments, as well as to predict their sales or improve their expansion, distribution and marketing strategies. | Spain | €5M | 2018 |
| Popsa | Popsa is a machine learning startup that designs, manufactures and delivers personalised physical products automatically. | United Kingdom | £3M | 2018 |
| Cuebiq | Cuebiq is a Location Intelligence company that enables brands and retailers to gain actionable insights into real-world consumer behaviours and trends. | USA | $3,5M | 2017 |
| Ebizu | Ebizu develops Location Intelligence technology that enables retail and advertising companies to effectively reach and engage consumers online. | Malaysia | $3M | 2016 |