Estonian startup gains €1.5M SEB funding to expand cybersecurity training solutions

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CybExer Technologies, a Tallinn-based cybersecurity firm specializing in AI-based training and testing solutions for IT and cybersecurity teams, has secured €1.5 million through the SEB Baltic Venture Debt programme. CybExer Technologies develops advanced cybersecurity training and testing solutions, utilizing artificial intelligence to help organizations train, assess, and enhance the performance of their IT and cybersecurity teams. This funding will support the company’s ongoing development and global expansion of its Cyber Range service, which is recognized as one of the top solutions in its field.

CybExer Technologies provides comprehensive cyber security training solutions to increase organizational cyber resilience. The platform offers a range of advanced cyber security training modules designed to enhance the cyber capabilities of organizations. With their cyber range, organizations can conduct highly realistic live-fire exercises that simulate real-world cyber attacks. This allows cyber security and IT teams to identify and mitigate vulnerabilities, thereby improving their prevention and response strategies. Less

“In recent years, we have demonstrated stable growth, and this funding will allow us to further accelerate the progress of our company’s development. We view this investment as the platform for successful collaboration between SEB and CybExer,” says Andrus Kivisaar, CEO of CybExer Technologies.

“We were impressed by the scope of projects undertaken by CybExer Technologies and the globally recognized names on its client list. After discussions with the company’s international clients, it became clear that it has accomplished a lot in its field, and that its Cyber Range service is among the best in the world. We are delighted that the first investment under this programme allows us to collaborate with such a high-calibre partner. This also serves as an excellent example for Latvian companies to think about financing, and we hope that the discussions initiated this year will result in deals next year,” notes Pāvils Misiņš, Head of SEB Baltic Venture Debt.

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