Romanian startup Cyscale receives 3.5m Euros in funding to make cloud security more effective
Cybersecurity is crucial for any business - no matter the size. In this digital world, ensuring the protection of data and cyber assets is becoming increasingly important and complex. The Romanian startup Cyscale wants to change exactly that and for this purpose received funding of 3.5 million euros.
Funding was led by Notion Capital, starring Seedcamp, GapMinder, Micha Hernandez van Leuffen, former founder of Wercker and now Fiberplane and NP-Hard Ventures; and David Mitton, founder of Console.dev and Server Density.
Founded in 2019, Cyscale aims to help companies be more competitive through information security and digitization. In 2020, the team raised 350,000 euros in just 4 hours!
Within most modern infrastructures, all cyber assets are interconnected, generating a huge digital footprint for organizations. Therefore, understanding the risk is crucial. This can make the difference between a security program that works and a fatigue that burdens security and development teams. Because security risks are usually assessed in isolation, companies tend to have a fragmented security function without a clear understanding of where weaknesses lie and what their impact really is.
Cyscale aims to correct this situation by building a comprehensive "Security Knowledge Graph" or so-called "Security Knowledge Graph" for a company, inputting data from multiple sources and generating in-depth contextual analysis for each of its cloud assets. Without leaving undisclosed risks or improper configuration, it allows security teams to prioritize the elimination of high-risk issues.
In addition, Cyscale has built a powerful compliance module that helps security managers track the gaps between all the policies they have defined and their technical implementations in the cloud.