$2.6 Million Pre-Seed Investment for Cyber Security Startup Saporo
by Startacus Admin
Swiss startup Saporo secures major investment to support its mission of making cyber security accessible to all organisations.
Swiss cyber security startup Saporo has just secured a $2.6M pre-seed investment in a round co-led by Session VC and Lightbird Ventures. The company which was co-founded by two brothers; Oliver and Guillaume Eyries and researcher Eric Blavier, launched in April 2021 after 18 months of research and development, with the aim of making cyber security more accessible to all organisations.
Co-founder Oliver Eyries explains: “Saporo does the heavy lifting so any business can rapidly improve its security. Current methods for testing weaknesses in infrastructure are slow, labour-intensive, and take up too many resources. That’s where Saporo comes in.”
Saporo’s technology proactively stress-tests user and system access risks before attackers can exploit them. It uses machine-learning driven analysis and graph theory to test an organisation's attack surface, and the relationships between assets, users, and computers, against millions of threat scenarios.
Saporo measures how much effort would be required for attackers to compromise resources, enabling organisations to identify and prioritise paths that attackers could take in various attacks like ransomware. A sample of 10 clients working with Saporo had an average attack surface reduction of 70-90 percent within 3 months.
Benjamin Solenthaler, Managing Partner at Lightbird, commented: “With Saporo, all organisations can get ahead of any future cyber problem and be better equipped against attacks. We’re excited to back the team and see the company grow in 2022 and beyond.”
Saporo plans to use the pre-seed funding to expand its team, primarily in data science, security research and engineering development, in addition to further product development, expanding new markets and growing its customer base.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Dogpatch Labs’ First Fridays for Startups comes to Belfast this week with talks from successful founders, mentorship and support for entrepreneurs.
New report reveals the huge impact of Archangels' investments on the Scottish economy in terms of both money generated and jobs created.
.png)
Saas companies and professional services firms on the island of Ireland set to meet at the upcoming SaaStock Conference in Dublin - 100 complimentary tickets available.
Thalamos is a healthtech startup enabling healthcare professionals to provide a swifter, simpler and safer experience for those in need of acute mental healthcare.
The lowdown on Voxblock, the Edinburgh-based startup that has created a new physical format for audiobooks for kids, with no screen, no internet connection, and no need for any apps.
Toqio secures major investment to support further expansion and drive its vision of becoming the world's premier fintech SaaS platform.
Innovate UK KTN’s Sustainable Impact Investment Programme chooses 13 sustainable UK startups striving to change the world
.jpg)
Etihad Airways partners with Aerospace Xelerated and Tawazun Economic Council to seek applications from innovative startups that are working in the digital services and solutions area.
.jpg)
New cross-border collaboration project featuring interactive portal and series of networking events to be delivered by TechIreland and Startacus, with support from InterTradeIreland’s Synergy initiative.
In London later this week and interested in learning how AI can help startups scale? Book your ticket now for this free event from Women in AI featuring a panel of industry experts discussing just that.
Published on: 26th January 2022
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- First Fridays event to link Northern Irish startups with 1,000+ global tech mentors 4th Oct 2022 Dogpatch Labs’ First Fridays for Startups comes to Belfast this week with talks from successful founders, mentorship and support for entrepreneurs.
- Archangels generates up to £1.4bn for Scottish economy 30th Sep 2022 New report reveals the huge impact of Archangels' investments on the Scottish economy in terms of both money generated and jobs created.
- TechIreland & Startacus to host the first Cross-Border B2B Networking Event at SaaStock Conference 30th Sep 2022 Saas companies and professional services firms on the island of Ireland set to meet at the upcoming SaaStock Conference in Dublin - 100 complimentary tickets available.
- TOQIO Secures €20M to be the Platform of Choice for Building New Fintech Solutions 29th Sep 2022 Toqio secures major investment to support further expansion and drive its vision of becoming the world's premier fintech SaaS platform.
