Aikido Security, which prevents security issues before they become threats, has reportedly collected €2m in a pre-seed round.
The investment was backed by several angel investors, according to a report from Tech.au. These include, Syndicate One, Pieterjan Bouten and Louis Jonckheere of Showpad, Christophe Morbee from Besox, Mathias Geeroms of OTA Insight and Teamleader’s Jeroen De Wit.
With the funds, Aikido Security hopes to enhance its features, as well as grow its team size and customer base.
Clients of Aikido get an overview of their security threats in one platform, as well as connect GitHub, GitLab, Bitbucket and AWS cloud.
Developer-first CyberTech software platform scans the client’s source code and cloud to show which vulnerabilities are actually important to solve. It accelerates triaging by reducing false-positives and making SVEs human-readable.
Speaking on the pre-seed round, Aikido Security founder and CTO Willem Delbare said, “Software security tools have made my life as a CTO harder. I’ve tested so many of them and they all suffer from the same problems. They overload you with false positives, spam you with notifications, and make triaging hard. I’ve found it to be very exhausting. We’ve decided to fix this.”
A recent report from Veeam Software found that four out of five organisations have an ‘availability gap’ between how quickly they need their system to be recoverable and how quickly IT can bring them back.
It also found that four out of five organisations feel they have a gap, or sense of dissatisfaction or anxiety, between what their business units expect and what IT services can deliver. On top of this, 79% of respondents cited a ‘protection gap’ between how much data they can lost and how frequently IT protects their data.
nsKnox, which offers bank account verification and B2B payment security, hit the headlines this week following the close of a $17m funding round. The capital was supplied by Link Ventures and Harel Insurance & Finance.
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