Irish cybersecurity company 4Securitas has secured €2 million in investment from an Italian state-backed venture capital fund.
Dublin-based 4Securitas, which was founded in 2017 has received the investment from Cysero, a new fund that is raising up to €100 million to support companies in the robotics and cybersecurity space.
4Securitas’s other backers include French cybersecurity services company iTrust and Enterprise Ireland.
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The company’s most renowned product, ACSIA (Automated Cyber Security Interactive Application), is a cybersecurity defence system that uses artificial intelligence to monitor and capture intrusion attempts by both automated hacking tools and manual techniques.
Commenting on ASCSIA ,Stefan Umit Uygur, founder of the company, said: "The solution allows companies to manage security risk without the need of specialist staff. The product captures all external or internal intrusion attempts in real-time by “thinking like a hacker does”.
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The majority of 4Securitas’s clients are in Italy, where Mr Uygur is originally from, but it is now looking to expand into other markets quickly on the back of the investment.
Mr Ugyur also added: “The market is huge for us, I really think we will become a decacorn (a company valued at over $10 billion) once the world figures out just how good our technology is at staving off cybersecurity attacks.”
Source: The Irish Times
