March 12, 2024 at 10:57AM
Eye Security, a Hague-based cybersecurity firm, raised €36 million in a Series B funding round, led by J.P. Morgan Growth Equity Partners. The company provides mid-market businesses with enterprise-level cybersecurity products and aims to expand its presence in European markets like Belgium and Germany. Eye Security also helps businesses comply with new EU regulations.
Key takeaways from the meeting notes:
– Eye Security raised €36 million (~$39.2 million) in a Series B funding round led by J.P. Morgan Growth Equity Partners, with additional funding from existing investors Bessemer Venture Partners and TIN Capital. This brings the total raised by the company to more than $62 million.
– Eye Security, founded in 2020 and headquartered in The Hague, the Netherlands, provides mid-market businesses with enterprise-level cybersecurity products, including 24/7 protection, incident response, and cyber insurance.
– The company’s solutions can be integrated with existing infrastructure within hours, identify weaknesses, deliver actionable insights, and provide fast, human-backed incident response capabilities. Eye Security also helps businesses comply with new European Union regulation on cybersecurity breach reporting timelines.
– Eye Security already has hundreds of customers across various sectors and plans to use the investment to strengthen its presence in European markets such as Belgium, Germany, and the Netherlands, and expand to other countries by 2024.
– CEO Job Kuijpers emphasized the company’s scalable platform that strengthens businesses’ cyber defenses and delivers insurance coverage.