Lithuanian cybersecurity startup CBRX has secured €540,000 in a pre-seed funding round from Coinvest Capital and other partners, including Scalewolf, Plug and Play Tech Center, and Firstpick. The company provides a cloud platform that enables IT service providers (MSPs) to transition into managed security service providers (MSSPs) by automating threat monitoring, incident management, and customer support. The funding will support the development of the platform’s AI capabilities, expansion into the DACH and Nordic regions, and growth of the team, particularly in product development and artificial intelligence. Coinvest Capital contributed €270,000, marking its 80th investment.
CBRX helps IT service providers (MSPs – Managed Service Providers) quickly and with minimal investment become cybersecurity service providers (MSSPs – Managed Security Service Providers). The company’s cloud platform, powered by artificial intelligence (AI), automates incident management, threat monitoring, analysis, and customer support.
“This investment round is especially important for us, as it allows us to accelerate what we already see as an inevitable shift in the market – traditional IT service providers (MSPs) are moving into the field of cybersecurity and becoming MSSPs. Our goal is to help them make this transition quickly, without upfront costs, complex infrastructure, or the need for an expensive team of experts. This enables service providers to start serving clients today, not months or years from now. The investment will not only strengthen our technological advantage but also help CBRX become one of Europe’s leaders in the transformation of MSPs into MSSPs,” said Kazimieras Sadauskas, CEO of CBRX.
Coinvest Capital’s share of the investment amounts to €270,000. For the fund, this marks a milestone – its 80th investment – with CBRX becoming the 51st company in the Coinvest Capital portfolio. The investment is made on a pari passu basis.
“The solution developed by CBRX significantly accelerates cybersecurity processes and enhances overall business resilience against growing digital threats. By democratizing access to advanced security technologies, this startup contributes to building a safer Europe. Our investment strategy prioritizes innovations that strengthen both physical and digital security, and we see great potential in CBRX in this area. We believe the company has all the prerequisites to become a major player in Europe’s cybersecurity ecosystem,” noted Viktorija Trimbel, Managing Director of the venture capital fund Coinvest Capital.
The majority of the raised capital will be allocated to further expansion and technology development at CBRX. The company plans to make significant investments in expanding its sales and partner network in the DACH region (Germany, Austria, Switzerland) and the Nordic countries, aiming to strengthen its position in the European market.
A strong focus will also be placed on enhancing artificial intelligence (AI) capabilities to further automate cybersecurity incident management and reduce the risk of human error.
In parallel, CBRX will continue to expand the platform’s functionality, enabling MSPs to provide advanced cybersecurity services to their clients more efficiently.
The company also plans to grow its team, prioritizing the recruitment of product development and AI specialists.
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Read the orginal article: https://arcticstartup.com/cbrx-secures-e540k-pre-seed/
