Picture (from left to right): Michael Lucassen, Joep Gommers, Sam van der Feltz, Kris Peeters, and Hans Naudt.
Today we announced that EclecticIQ has secured €15 million in additional financing from the European Investment Bank (EIB).
The European Investment Bank (EIB) is the lending arm of the European Union and the largest multilateral financial institution in the world. Via its European Fund for Strategic Investments (EFSI), the EIB aims to boost the development and deployment of technology-intensive software and services in areas and policy sectors that are important for the EU, such as cybersecurity. As a European and strong believer in our shared values, I am extremely proud and grateful to welcome the EIB aboard on our mission to assist the world’s most targeted organizations with their cybersecurity challenges.
With this additional funding we intend to accelerate the development of our recently launched EclecticIQ Platform, designed to help customers stay ahead of the rapidly changing threat landscape and vastly expanded attack surface, and to alleviate staffing shortages by running security operations more efficiently. Our open and extendable platform delivers threat intelligence automation and collaboration, forensic depth endpoint visibility, and threat detection and response.
Last month, we reached an important milestone in the development of our platform with the launch of our new Endpoint Detection Response (EDR) solution and we are very pleased with the initial market response. The additional financing from EIB will allow us to further accelerate the development of our upcoming Extended Detection and Response (XDR) solution and enhance our existing Threat Intelligence Platform (TIP) solution.
In addition to our news about EIB, I’m excited to announce that TIIN Capital has become a new shareholder of EclecticIQ. TIIN Capital’s Dutch Security TechFund is among a growing number of cybersecurity-focused funds for start-ups and scale-ups in Europe. The addition of TIIN Capital to our existing investors, ACE Capital Partners, Keen Venture Partners, KPN Ventures, INKEF Capital, Invest-NL, Arches Capital, Capricorn Digital Growth Fund, and Quest for Growth, further strengthens our network of partnerships and will help us continue to execute aggressively on our plans.
To top things off, I’m pleased to share that EclecticIQ has been certified to carry the “CYBERSECURITY MADE IN EUROPE” label through an initiative from the European Cyber Security Organisation (ECSO) aimed at giving innovative cybersecurity companies in Europe a platform. The label reinforces our European identity and makes it clear that we are avid supporters of a strong cybersecurity ecosystem that adheres to the trusted European values of respect for human dignity and human rights, freedom, democracy, equality, and the rule of law.
I would love to hear from you. Contact me at email@example.com.