Amsterdam-based startup EclecticIQ has raised 14 million in a Series B round led by Keen Venture Partners. Existing investors KPN Ventures and INKEF Capital also participated in the round. INKEF Capital led the 5.5 million euro round in 2016.
EclecticIQ supports dedicated cyber security teams to de-risk their organisation’s cyber profile by building an accurate picture of the cyber threat. The startup specifically focuses on organisations with a so-called low cyber maturity level. Organisations that in words are struggling with finding qualified threat analysts and organisations where the existing cyber staff lacks the necessary expertise. For this the startup has built an extensive analysts toolset, including automated instrumentation of IT Security Controls for prevention and detection. The strategy to deliver its services to segment characterised by less resources and smaller budgets is through modularisation of its productportfolio.
The company for instance launched last week its plug and play EclecticIQ Fusion Center. This offering enables organisations to kick-start their threat intelligence activity. EclecticIQ Fusion Center is essentially a hub that empowers analysts by giving them access to leading threat intelligence suppliers. The value proposition is that this will enhance in-house analysts’ efficiency, capability/ Freeing up time to research advanced threats and unknown risks. EclecticIQ Fusion Center enables the acquisition of thematic bundles of cyber threat intelligence from leading suppliers with a single contract.
Founded in 2014, EclecticIQ employs a team of 60 with unique skills and strong analyst backgrounds. It holds offices in Amsterdam, London, and Herndon (Virginia, USA). The capital raised will be used to accelerate the expansion of its workforce. The startup states that the focus will be on expanding its portfolio of technologies and capabilities of its Fusion Center offering.
“We’re in a unique position to not just enable analysts with the tools they require to be as productive as they can be, but also to give them access to the world’s leading intelligence suppliers without the hassle of complicated integration and procurement”, says Joep Gommers, CEO and founder of EclecticIQ.
“Impressed by the technology, the team and the huge potential of this market, Keen is proud to further support the spectacular growth of EclecticIQ” said Alexander Ribbink, General Partner at Keen Venture Partners.
In 2016, the company won Deloitte’s Technology FAST50 Rising Star Award for “Most Disruptive Innovator”. It is the market-leading Threat Intelligence Platform for national governments.
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