Lithuanian CyberUpgrade secures €650K pre-seed funding to make cybersecurity affordable and accessible for all

Feb 16, 2024•over 1 year ago

Amount Raised

€650,000

Round Type

seed

VilniusInformation Technology

Investors

Several Other Angel InvestorsFirstpickNgl

Description

CyberUpgrade has secured €650K in pre-seed funding from investors including NGL, FIRSTPICK, and several other angel investors. With this investment, CyberUpgrade aims to enhance its platform and make cybersecurity more accessible to businesses of all sizes.

Company Information

Company

Cyber Upgrade

Location

Vilnius, Vilnius County, Lithuania

About

CyberUpgrade is a startup focused on cyber security solutions, aiming to make cybersecurity affordable and accessible for all. The company provides services such as security assessments, personnel training, and assistance with integrating security tools, and features an AI chatbot designed to detect and mitigate potential cyber threats using machine learning and predictive analytics.

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech