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Cyber-security analytics company Threatray raises 2.3 million CHF
17.06.2021 The Swiss deep tech cyber-security analytics company and BFH spin-off Threatray has announced the closing of a seed 2 round of 2.3 million CHF. Verve Ventures is joining the existing investors Hammer Team, SICTIC, BackBone Ventures and the Innovation Fund of Schwyzer Kantonalbank. The funds will allow for strategic growth and expanding the team.
The recent rise of cyber-attacks is a strong argument for Threatray’s malware intelligence platform. Threatray’s malware intelligence platform gives enterprise and government security teams deep visibility into attempted and unfolding malware attacks to effectively defend and respond to cyber-attacks. The platform is heavily data-driven, enabling its users to easily collect and ingest threat data from their infrastructure and combine it with advanced analytics capabilities to analyze their threat data.
«At the core of Threatray’s product are novel search algorithms that find relations between ongoing and historic attacks which are invisible for traditional technologies», says Threatray’s co-founder Dr. Endre Bangerter, Cybersecurity professor at the Bern University of Applied Sciences with more than 20 years of experience in the field. «The security analytics market is expected to grow significantly in the future, and Threatray has a strong position, building on deep-tech knowledge of a strong founding team», says Romeo Bütler from Verve Ventures.
Threatray is a spin-off of the Bern University of Applied Sciences which was founded by the end of 2018 by Dr. Endre Bangerter and Jonas Wagner. The company’s SaaS product has entered the market in late 2020 and has enjoyed quick adoption by major customers. Driven by this early success, Threatray is pursuing a rapid growth strategy. The funds support this strategy and will allow to expand the team.