Cyber risk company Cyberhedge has reportedly received an undisclosed investment from Luxembourg Future Fund (LFF).
Through this new support, the company is looking to increase the size of its AI, technology and financial teams, according to a report from Verdict.
Luxembourg-headquartered Cyberhedge offers companies with a risk assessment report with outlines how their cyber operations are and if it’s secure. The RegTech scores an enterprise based on their overall sector rank, individual sector and individual security vendor rank, helping them to see how their performance is compared to others in the market.
Its services are used by institutional investors to identify portfolio companies at risk of cyber threat and is also implemented by advisors and shareholders in order to optimise security budget spending. Board and c-suite executives to measure the business risks from technology.
There has been a lot of activity in the cybersecurity sector over the past month. Last week, blockchain-based security solution AnChain.ai raised an undisclosed investment from AMINO Capital.
AnChain is an online security platform which aims to protect smart contract assets like ETH, ERC20 and BTC.
Another cybersecurity company to close a funding round this year is OneLogin, which pulled in $100m in a round led by Silver Lake and GreenSpring Associates. The company offers a cloud-based identity and access management service to businesses around the world.
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