VMRay, a Germany-based cybersecurity startup has closed a $34 million series B round. to support the expansion of its advanced threat detection and analysis services into new target markets.
The round was led by Tikehau Capital, an alternative asset management firm, which participated through its subsidiary unit, Tikehau Ace Capital, as well as its European cybersecurity growth fund. Tikehau is joined by two of VMRay's existing investors, the German public-private partnership High-Tech Gründerfonds and venture capital firm Capital, as well as new partners NRW.BANK and Gründerfonds Ruhr.
The series B capital is expected to help VMRay deliver new products based on its core automated threat analysis technology, which should enable it to join forces with clients in a wider range of market segments.
According to VMRay, the company has worked alongside four of the world's five biggest tech companies, 37 "leading" financial companies, and 56 state agencies.
Company: VMRay Inc.
Raised: $34.0M
Round: Series B
Funding Month: December 2022
Lead Investors: Tikehau Capital
Additional Investors: High-Tech Gründerfonds, eCapital, NRW.BANK and Gründerfonds
Company Website: https://www.vmray.com/
Software Category: Cyber Security Threat Detection and Analysis Platform
About the Company: Led by reputable cyber security pioneers, it develops best-of-breed technologies to detect unknown threats that others miss. Thus, empower organizations to augment and automate security operations by providing the world’s best threat detection and analysis platform. VMRay helps organizations build and grow their products, services, operations, and relationships on secure ground that allows them to focus on what matters with ultimate peace of mind. This, for us, is the foundation stone of digital transformation. VMRay offers the best threat detection and analysis platform for advanced malware and phishing threats. Empowering our customers to minimize risks and boost team efficiency, lays the foundation for them to build and grow their digital operations.
Source: https://tech.eu/2022/12/19/vmray/