The cybersecurity startup BitSenor based in Eindhoven is facing a financial crisis and filed for bankruptcy a few days back. And, the court in ‘s-Hertogenbosch declared the startup bankrupt on recently. This was announced after the suspension of payment that was applied on June 20.
Founded in February 2015 by Ruben van Vreeland and Alex Dings, BitSensor uses big data correlation and efficient attack detection in order to create applications capable of defending themselves. The income streams of the company are not enough to meet the payment obligations thereby converting the moratorium into bankruptcy.