Blueliv, a Barcelona-based provider of enterprise-class cyberthreat intelligence solutions, has raised €4m in fresh funding.
The Series A round was led by Vento, joining existing investors Telefónica and Kibo Ventures in backing the company. Part of the funds will be used to accelerate Blueliv’s international growth and develop its new channel-exclusive strategy. It will also further strengthen Blueliv’s dynamic cyberthreat intelligence proposition with new IoT/OT products, helping organizations reduce their risk and accelerate decision-making.
As part of the funding, Luis Navarrete, CIO and head of ICT Strategy at Agbar Group (Vento), has been appointed to Blueliv’s Board of Directors to provide non-executive support.
He said: “There is a growing emphasis on cyberthreat intelligence across all sectors, as organizations wake up to the fact that if they’re holding valuable data, they’re at risk of attack. Blueliv is at the heart of this fight against cybercrime, and the investment will both contribute to the development of its unique modular technology, as well as its commercial expansion into new markets and industries.”
Founded in 2009, Blueliv provides a scalable cloud-based platform, which turns global threat data into sophisticated and relevant intelligence. The company claims the solution enables organisations to save time and resources by improving their incident response performance and empowering their security teams with real-time intelligence. The in-house team is bolstered by the Blueliv Threat Exchange Network, a global community of thousands of security experts united in the fight against cybercrime.
Blueliv’s solution helps reduce the exposure to potential fraud attempts and mitigate them ‘faster, in a frictionless and automated way’. Using threat intelligence to complement and feed fraud scoring algorithms, the solution enables customers to make data-driven decisions and enhance cybersecurity and fraud strategy according to its website.
The European Union General Data Protection Regulation (GDPR), which comes into force in May, and other recent regulatory standards now require organisations to enhance the control and protection of their data, whilst also improving their ability to detect and mitigate breaches efficiently. In response, Blueliv’s real-time threat monitoring solutions helps an organisation reduce the chance of suffering data breach from malware infection and mitigate its effects and costs.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
