Bernese Startup Threatray raises 2.3 million CHF
The Swiss deep-tech cybersecurity analytics company Threatray has announced the closing of a CHF 2.3 million seed 2 round. The funds will be used to accelerate the company’s growth and expand its team.
Cybersecurity in Bern
The Swiss startup Threatray is a spin-off of the Bern University of Applied Sciences. It was founded in 2018 by Endre Bangerter (CEO) and Jonas Wagner (CTO). In 2020 the young company successfully launched a software-as-a-service (SaaS) product for data-based security analytics.
Insights into malware attacks
Threatray’s malware intelligence platform provides corporate and government security teams with deeper insights into attempted and ongoing malware attacks. The platform is highly data-driven, allowing users to collect and analyze data as well as launch effective cyber defense mechanisms. At the core of Threatray’s software are novel search algorithms that find relationships between ongoing and historical attacks, which are invisible to traditional technologies.
2.3 million CHF Seed 2 Round
In a seed 2 round the Bernese startup recently secured 2.3 million CHF in funding. In addition to the existing investors Hammer Team, Swiss CT Investor Club, BackBone Ventures and the Schwyzer Kantonalbank Innovation Foundation the venture capital firm Verve Ventures participated in the financing round. Threatry plans to use the newly received funds to further its strategic growth and expand its team.
Source: Threatray <https://threatray.com/cyber-security-analytics-company-threatray-raises-2-3-million-chf-to-expand-its-team/> accessed July 4, 2021.
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