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Cybervadis Raises €7M To Assess Third-Party Cybersecurity Risks And Data Privacy Maturity

May 23, 2023over 2 years ago

Amount Raised

€7 Million

ParisNetwork SecurityCyber Security

Investors

Zobito Ab

Description

Today French cyber risk management platform provider Cybervadis has raised €7M in Series-A funding led by Zobito AB.

Company Information

Company

Cybervadis

Location

Paris, Ile De France, France

About

CyberVadis provides enterprises with a cost-effective and scalable solution for third-party cybersecurity risk assessments. For a fixed annual fee we perform an unlimited number of evidence-based assessments via the CyberVadis platform. Our intuitive and user-friendly platform is built on a methodology that maps to all major international compliance standards, including NIST, ISO 27001, GDPR, and many other privacy and security laws. The CyberVadis solution combines the speed of automation with the accuracy and effectiveness of our team of experts. We directly engage vendors from all over the world with assessments and validate results with an in-house team of security analysts. CyberVadis provides companies a standardized cybersecurity rating that they can share with others, along with a detailed improvement plan for increasing their score and the ability to collaborate with clients on implementing better practices.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers