Cyber startup Saporo nets $2.7m pre-seed financing

Swiss cybersecurity company Saporo has raised $2.7m in pre-seed funding round led by Session VC and Lightbird Ventures.

 Launched in 2021, Saporo has developed technology that it claims enables any organisation to model and measure its resistance to anticipate attacks and make better-informed decisions about managing its risk without the need to think like an attacker.

The company added its technology stress-tests user and system access risks before attackers can exploit them and uses machine-learning driven analysis and graph theory to test an organisation’s attack surface and the relationships between assets, users and computers against millions of different threat scenarios.

Saporo said its technology continuously and contextually quantifies the security impact and exploitability of systems configurations and is then able to measure how much effort would be required for attackers to compromise resources – allowing firms to identify and prioritise paths where attackers can take in various attacks.

According to Saporo, the pre-seed funding will be used to expand the team to 12 people this year, with hires to be made in data science, engineering development and security research. Furthermore, the company will use the capital to further product development, grow its customer base and explore new markets.

Saporo CEO and co-founder Oliver Eyries said, “Saporo does the heavy lifting so any business can rapidly improve its security. At the moment, defenders are losing the race against cyber attackers. Current methods for testing weaknesses in infrastructure are slow, labour-intensive, and take up too many resources. That’s where Saporo comes in.”

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