Spicehaus Partners invests in darknet monitoring startup

Kaduu provides AI-driven dark web analysis, real-time threat alerts and pre-Attack threat indicators for data leakage in the darknet to protect organisations from ransomware. Its darknet monitoring solution identifies data leaks after hacker attacks. Kaduu also has a preventive protection capability. Among others, various underground hacker forums are monitored in real-time and discussions on attack preparations are used to prevent security incidents. The offering is supported by a wide range of monitoring modules such as social media, domain registrations, certificate registrations, IoT, Git etc.

The startup works with a hacker network of 40 to 50 people who look for relevant information every day. In an interview with ComputerWorld, CEO Oliver Münchow revealed that Kaduu's deep web scouts expand the database by around 500 gigabytes of stolen account data every month, and in the case of automated searches, the figures increase to up to 1 to 2 terabytes.

Founded by a successful Swiss serial entrepreneur

Kaduu's founder Oliver Münchow recently sold his start-up Lucy Security to the Israeli company ThriveDX. Currently, the startup boasts an international client base, and it has plans to enter the US market soon. Thanks to the financing round, the startup has obtained the necessary funds to work towards this goal.

“Cybersecurity solutions become exponentially sought after as any business independently of its size can suffer from hacker attacks that can lead to data loss and business set-backs,” says Daniel Andres, co-founder and Partner at Spicehaus Partners. Alongside Spicehaus Partners, Michael Meli, Group Chief Information Security Officer (CISO) of Julius Baer, joined the round and brought Meli to the board of directors at Kaduu.

Oliver Münchow, co-founder and CEO of Kaduu, said: “We are delighted to announce the successful completion of our funding round. The investment will enable the rapid growth of our client base and product range. We are convinced that our solution can greatly increase the cybersecurity levels of our customers and become an integral part of any corporate’s IT infrastructure.

(Press release/RAN)