Cyber Upgrade secures €2.5M Seed to automate cyber oversight

Cyber Upgrade, a Lithuania-based cybersecurity provider, has raised €2.5M in a Seed funding round backed by Superhero Capital, Specialist VC, FIRSTPICK, NGL Ventures, and angel investors Marios S. Kalochoritis and Sergei Anikin, ex-CEO of PipeDrive. 

This investment is the company’s second in 12 months, following a Pre-Seed round of €650,000 in February 2024.

The funding will be used to enhance its AI system, aiming for it to operate autonomously with no human oversight.

CU’s “copilot” is an automated system that guides teams through the entire cyber audit process using team communication workflows, such as Slack or Microsoft Teams. By answering a series of targeted questions, companies can easily assess their cyber and compliance readiness—or lack thereof—even without in-house cybersecurity teams.

Offered as a subscription service, the tool aims to make high-level cybersecurity accessible to businesses of all sizes.

“Our vision is to provide a powerful tool enabling companies to achieve the same level of cyber protection and audit readiness as Fortune 500 companies, without needing an expansive and costly in-house team,” said Aurimas Bakas, CEO of Cyber Upgrade.

“As cyber threats increase and regulations tighten, finding ways to lighten the load over overburdened CISOs and CTOs is the first line of defense,” Bakas added. “The role of cyber team leads currently extends way beyond securing only internal systems, so offloading smaller day-to-day tasks could allow for more efficient governance of other aspects at play.”

Looking ahead, the company is pursuing plans to enhance its AI system, aiming for it to operate autonomously with no human oversight. “While our initial focus is on cyber governance, the underlying potential of our technology could lean more towards deep tech, transforming it into an all-in-one compliance management tool,” he concluded.

By Tech.eu

Source: Tech.eu