German threat intelligence provider QuoIntelligence has bagged €5m in a seed round headed by VC investor eCAPITAL Entrepreneurial Partners.
QuoIntelligence has developed a distinctive threat intelligence service that integrates AI with human expertise. Operating in Germany, Italy, Spain, and the US, they have served clients across various critical sectors in the EU, including finance, government, insurance, manufacturing, and more. Their service plays an essential role in enhancing cyber resilience and diminishing risks for organisations.
The investment will be used to bolster the QuoIntelligence team, improve products and services, and considerably expand the company’s market reach in both services and geographical areas.
Founded in 2020, QuoIntelligence has been influential in stressing the need for threat intelligence in today’s evolving risk landscape, including remote work and global geopolitical changes. The company’s unique approach has opened up not only to large corporations but also the huge mid-market segment.
QuoIntelligence CEO Marco Riccardi said, “As a growing number of organisations wake up to threat intelligence’s vital role in their business, this funding allows us to boost our threat intelligence offering, recruit top talent, and deliver unrivalled value to our customers. By continuing to seamlessly integrate technology and talent, we continue our mission to be Europe’s top threat intelligence partner.”
Dirk Seewald, Partner, eCAPITAL, commented, “Threat intelligence is a wide application domain. QuoIntelligence is uniquely positioned as a European vendor with a highly automated and differentiated service, that reaches not only large corporates, but opens up the huge mid-market. We are very enthusiastic about the prospects for the company and excited to work with the team.”
Ari Bizimis, founding investor of QuoIntelligence, added, “As the founding investor of QuoIntelligence, we welcome eCAPITAL as the top German cybersecurity VC firm to be part of this success story. We have immense confidence that eCAPITAL’s extensive experience in scaling cybersecurity companies will play a pivotal role in fostering QuoIntelligence’s significant growth. With this partnership, we foresee QuoIntelligence’s ascension as the preeminent threat intelligence provider across Europe in the coming years.”
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