Cybersecurity startup secures CHF 2.3 million

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17.06.2021
Endre Bangerter and Jonas Wagner

Threatray, a spin-off of the Bern University of Applied sciences, has completed its seed round, raising CHF 2.3 million to support its growth and expansion of the team. Verve Ventures joined the existing investors, supporting the startup in the fight against cyber attacks.

Founded in 2018 by Endre Bangerter and Jonas Wagner, Threatray developed a malware intelligence platform that gives enterprise and government security teams deep visibility into attempted and unfolding malware attacks, facilitating effective defence and response to cyber-attacks.

The clues to understanding and defending against malware threats are often hidden deep in data. Most malware analysis technologies lack the depth and intelligence-based capabilities needed to pinpoint and contextualize threats. Threatray’s platform offers deep, data-driven correlation analysis to rapidly detect and analyze threats other technologies miss. Thus, enabling its users to easily collect and ingest threat data from their infrastructure and combine it with advanced analytics capabilities to analyze their threat data.

“At the core of Threatray’s product are novel search algorithms that find relations between ongoing and historical attacks, which are invisible for traditional technologies”, says Threatray’s co-founder Endre Bangerter, a professor of Cybersecurity with more than 20 years of experience in the field.

The SaaS product entered the market in late 2020 and has enjoyed quick adoption by major customers. Driven by this early success, Threatray is following a rapid growth strategy. The CHF 2.3 million sed capita will enable the startup to pursue its strategy and expand its team. Verve ventures joined the startup’s existing investors, Hammer Team, SICTIC, BackBone Ventures and the innofund by SZKB.

(Press release/RAN)
Photo L-R: Endre Bangerter and Jonas Wagner

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