Cypherleak, a Dubai, UAE-based cyber risk monitoring and scoring startup, closed $750,000 seed funding
The investment round was from investors based in Abu Dhabi, Morocco, and Qatar. This investment comes from entities including Maroc Numeric Fund II and Qatar Insurance Group.
Maroc Numeric Fund II is an early-stage venture capital fund managed by Maroc Numeric Fund. The fund is based in Casablanca, Morocco, and will invest in Morocco. The fund will focus on information technology, fintech, biotechnology, and cleantech sector.
Qatar Insurance Company is a Doha, Qatar-based insurance company specializing in personal and business asset protection.
Cypherleak Use of Funds
The company will help drive Cypherleak’s expansion across the Middle East and Africa.
Founded in 2022 by Mohamed Amine Belarbi, Cypherleak is a cyber risk monitoring and scoring startup dedicated to providing businesses with comprehensive insights into their cyber risk exposure. The platform enables companies to monitor their leaked passwords and information on both the Public web and Dark web. It helps identify an organization's attack surface and vulnerabilities affecting its infrastructure. Cypherleak uses Machine Learning and advanced risk models to provide customized security ratings based on various cyber risk factors tailored for each customer.
Company: Cypherleak LLC
Round: Seed Round
Funding Month: September 2023
Additional Investors: Maroc Numeric Fund II and Qatar Insurance
Company Website: https://cypherleak.com/
Software Category: Cyber Risk Monitoring and Scoring