Berlin-based RedMimicry secures seed funding. The company develops a platform for cyber-attack emulation and plans to advance its technology.
Contentlockr
Berlin-based RedMimicry, a provider of a platform for emulating complex cyber-attacks, has secured a “million-dollar seed funding”. The proceeds will be used to advance the company’s technology and expand its sales activities.
The round was led by High-Tech Gründerfonds (HTGF) with participation from Capital Square, superangels from Munich, and several business angels.
Franzi Majer, Founding Partner at superangels, says, “We’re excited to back RedMimicry, whose realistic cyberattack simulations help companies uncover vulnerabilities before attackers do. Their technical excellence, market relevance, and visionary team make them exactly the kind of startup we love to support.”
RedMimicry: An attack emulation platform
RedMimicry has developed a platform that allows organisations to run repeatable emulations of cyber-attacks in order to test their defences.
Many companies currently conduct only limited testing, which can leave weaknesses in processes, technology, and collaboration undiscovered. Regulations such as DORA and NIS-2 require organisations to carry out comprehensive and regular security tests against current attack methods. This is where RedMimicry steps in.
The company’s platform enables organisations to validate their systems against scenarios including malware and targeted intrusions, helping them strengthen defences while managing costs and effort.
RedMimicry works directly with customers and also collaborates with a network of partners to support companies of different sizes in improving their security processes. It is already in use by medium and large enterprises, managed security service providers, and consulting firms.
The company was founded in 2023 by Alexander Rausch and Stefan Steinberg, who bring experience from their work at Proofpoint and the German Cyber Security Organisation (DCSO).
Björn Sykora, Principal at HTGF, mentions, “Alex and Stefan combine technical excellence with entrepreneurial vision. With RedMimicry, they are addressing one of the greatest risks companies are currently facing: protection against cyber-attacks. They provide a European security solution that benefits both medium-sized and large companies.”
Capital utilisation
The funds will support RedMimicry in further developing its platform, with a focus on threat scenarios such as attacks on critical infrastructure (operational technology) and financial service providers.
The company is also strengthening its sales team and expanding its partner network.
Alexander Rausch, founder and CEO of RedMimicry, says, “Our vision is to enable companies to protect themselves independently and effectively against increasingly complex cyber-attacks. With the support of experienced investors, we can advance our technology significantly and expand our market position.”
Martin Ostermayer, co-founder of Capital Square, adds, “We’re excited to back RedMimicry as they revolutionise how companies prepare for and defend against sophisticated cyberattacks. Their bold vision and outstanding team embody exactly the kind of ambition and expertise we look for in founders – and we’re confident they’ll set new standards in cybersecurity.”
Brief about the lead investor
HTGF is an early-stage investor in Germany and Europe that finances startups in sectors including deep tech, industrial tech, climate tech, digital tech, life sciences, and chemistry.
The fund supports companies from their earliest stages through to international growth, investing in pre-seed and seed rounds while also participating in later-stage financing. Since 2005, HTGF has invested in over 780 startups and completed nearly 200 exits.
The fund manages over €2B and operates as a public-private partnership with investors including the Federal Ministry for Economic Affairs and Energy, KfW Capital, and 45 companies and family offices.
