November 15, 2023 at 09:57AM
Belgium-based application security startup Aikido Security has raised €5 million ($5.4 million) in seed funding. The investment round was led by Notion Capital and Connect Ventures, with participation from Inovia Capital Precede Fund I and angel investors. Aikido aims to provide SaaS businesses with an all-in-one platform for managing application security, including vulnerability management and compliance. The funding will be used to enhance the platform and expand internationally.
Key points from the meeting notes:
– Aikido Security, an application security startup, has raised €5 million in seed funding.
– The investment round was co-led by Notion Capital and Connect Ventures, with participation from Inovia Capital Precede Fund I and angel investors.
– Aikido aims to provide SaaS businesses with an all-in-one platform for application security, bringing together code and cloud security issues in a single dashboard.
– The product offers vulnerability management capabilities and a vulnerability ranking system to differentiate between critical and less significant threats.
– Aikido enables organizations to validate security bugs before merging code and helps with compliance.
– The company has achieved over 1,000 installs in the past year.
– The funding will be used to enhance the platform and expand internationally.
– Aikido’s goal is to provide a comprehensive security platform for startups and organizations struggling with scattered security tools and irrelevant alerts.
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