Several enterprise companies across the globe experience costly cybersecurity breaches in one form or the other. As the threat continues to heighten, multiple industries right from Defense to healthcare are adopting an innovative approach to mitigate the threat. With a 12% CAGR, the cybersecurity market is expected to reach 300 billion USD by 2024.
Lately, several cybersecurity specialists have emerged and Sweepatic is one of them. Based out of Belgium, Sweepatic NV is a cybersecurity reconnaissance platform monitoring internet-facing assets to protect companies against cyber-attacks.
Secured €1 million
In a recent development, the company has just secured €1 million from eCAPITAL’s Cybersecurity Fund and eCAPITAL Technologies IV Fund in a Series-A funding round. Sweepatic is part of the accelerator Start it @KBC that supports innovative and scalable entrepreneurship.
Sweepatic will use eCAPITAL’s investment to boost its growth by strengthening management, accelerating product development through expanding the technical team with senior hires and further building the sales & marketing and partner organization.
Resilient against cyber-attacks
Sweepatic’s unique cybersecurity reconnaissance platform discovers and monitors companies’ attack surfaces 24/7 across the world. By monitoring and reporting on all internet-facing assets of its customers at large scale, Sweepatic produces actionable insights and helps customers to be more informed, pro-active and resilient against cyber-attacks.
Sweepatic’s co-founder & CEO Stijn Vande Casteele, said:
This capital raise by a renowned German private investor, with a specialized cybersecurity fund, is proof of the market potential of our solution in the fast-growing cybersecurity market. eCAPITAL not only allows us to raise capital but also to onboard highly experienced entrepreneurs with an international network. We are excited about this partnership as it will allow Sweepatic to further develop its product offerings and market outreach.
Willi Mannheims, Managing Partner at eCAPITAL comments:
We are excited to join forces with Sweepatic which is an agile company with an innovative approach to digital footprint mapping. Through its unique capability, Sweepatic has a global reach and we are excited to actively support this ambitious team in accelerating their venture.
Founded in 2016 by Stijn Vande Casteele and Martin Čarnogurský, Sweepatic’s platform is built around passive, non-intrusive reconnaissance techniques. They consist of stealthily gathering information, often indirectly, in a manner unlikely to alert the subject of the surveillance.
Martin Čarnogurský, technical co-founder of Sweepatic says:
Sweepatic aims to mimic how attackers watch us online. Our advanced software is permanently discovering, analysing and examining all internet-facing assets of our customers and their exposure. This means our customers have much greater visibility and control across their entire attack surface and can stay ahead of attackers.
Following its enhanced data collection, Sweepatic can identify in-depth insights and supply different outputs e.g. threat intelligence feeds, machine-readable exports, data sets (including API), human-readable notifications and intelligence reports, which are clear, simple and actionable.
Stay tuned to Silicon Canals for more updates in the tech startup world.
https://siliconcanals.com/news/cisco-to-acquire-french-iot-scaleup-sentryo-heres-all-you-need-to-know-about-the-merger/
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