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CyberUpgrade, a startup focused on cyber security solutions, has secured €650K in pre-seed funding from investors including NGL, FIRSTPICK, and several other angel investors. Led by founders Aurimas Bakas and Andrius Minkevičius, along with Nojus Antanas Bendoraitis and Algirdas Stasiūnaitis, the company provides services such as security assessments, personnel training, and assistance with integrating security tools. Their platform features an AI chatbot designed to detect and mitigate potential cyber threats using machine learning and predictive analytics. With this investment, CyberUpgrade aims to enhance its platform and make cybersecurity more accessible to businesses of all sizes.
CyberUpgrade was founded by a team with a strong background in deep tech, particularly in critical infrastructure core banking solutions. With over 10 years of experience in this field, the team understands the sensitivity of customer data and financial information. Their previous venture, Paysolut, evolved into a robust banking platform for small and medium-sized Fintech banks before being acquired by the Fintech unicorn SumUp. Leveraging this expertise, CyberUpgrade is dedicated to making cybersecurity accessible to all, recognizing the increasing prevalence of cyber threats, attacks, and damages in today’s environment.
“This investment opens exciting growth opportunities, allowing us to develop the latest technologies into next-generation operational level defenses against emerging cybersecurity threats,” said Bakas, CEO at Cyber Upgrade. “In ten years of building critical banking infrastructures at Paysolut, we learned a great deal about securing and strengthening banking systems against cyber attacks. We are now in a position to combine our years of experience with all the latest AI-driven solutions to make Cyber Upgrade the first line of defense in cybersecurity.”
“You can build great cyber defense lines, but if your team is not on board, then willingly or unwillingly there will be a weak link somewhere in the chain,” Bakas added. “Our goal is to provide companies with a comprehensive set of tools that bring everyone into the process, making high-level security manageable, simple to navigate, and available at an affordable price.”
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Read the orginal article: https://arcticstartup.com/cyberupgrade-raises-e650k-pre-seed/
