Outpost24 Announces Completion of €19m Funding Round

Cybersecurity assessment company Outpost24 has introduced it has closed a new funding spherical worthy of SEK 200m (€19m).

The corporation explained the funding, which was led by asset manager Swedbank Rohur and Nordic fairness expense firm Alcur Fonder, will permit it to increase its presenting and solutions worldwide.

This will come amid a progress in desire for cloud based mostly security methods in the earlier 12 months, with corporations compelled to change to a distant working model.

Outpost24 aims to assist corporations establish, evaluate and prioritize IT vulnerabilities by means of risk-dependent insights. In modern decades the Swedish agency, which is owned by Monterro, has grown its operations in Europe and the US with the acquisitions of SecludIT and Pwnie Express.

Peter Larsson, running lover at Monterro and chairman of the board of Outpost24 commented: “This funding round, performed in the course of a world-wide pandemic, is a vote of self esteem in our full stack security evaluation vision. Acquiring observed what a wonderful technology and staff we’ve developed, our investors are onboard with our mission to enable enterprise providers automate cyber cleanliness and decrease dangers.”

Martin Henricson, CEO of Outpost24 mentioned: “As malware and phishing attacks carry on to make their way as a result of corporate defense, there is a true want for businesses to stage up cyber-cleanliness by means of continual evaluation and unified security insights. I’m enthusiastic to embark on the subsequent stage of expansion for Outpost24 by serving to our shoppers meet their risk reduction goals and achieve increased effectiveness.”

Last week, cloud security company Orca Security introduced a $55m Sequence B fund spherical to develop its cloud security and compliance abilities.

Some elements of this report are sourced from:
www.infosecurity-magazine.com