Lithuanian CBRX secures €275,000 pre-seed from ScaleWolf VC and FIRSTPICK

Lithuanian cybersecurity startup CBRX, formerly known as Cyberalert, has secured €275,000 in a pre-seed investment round. ScaleWolf VC and FIRSTPICK led the investment significantly contributing to the company's growth.

About CBRX

Founded in 2023 as Cyberalert by Kazimieras Sadauskas and Audrius Miknevičius, CBRX creates solutions for the cybersecurity world addressing today's challenges and anticipating and mitigating future risks. The fresh rebranding translates the company's new focus on revolutionizing the cybersecurity field using cutting-edge technology.
Their new AI-based solution for Security Operations Centers is to automate up to 90% of cybersecurity analysts` work allowing them to focus in what truly matters. CBRX states that by utilizing state-of-the-art AI technology, the product streamlines cybersecurity incident analysis, and response, enabling cybersecurity professionals to focus on more strategic tasks and improving overall efficiency.

Investment details

ScaleWolf VC and FIRSTPICK are the lead investors during this round. Both of them are Lithuanian venture capital funds investing in fintech, cybersecurity, and deeptech.

“We are thrilled to have the support of ScaleWolf and FIRSTPICK... Their trust in our vision fuels our excitement for what’s ahead. This investment isn't just a boost; it's a catalyst for us to reach more people and make an even bigger impact. Our products are already changing the game, helping customers cut down on cybersecurity work and focus on what really matters. We're fired up to keep delivering solutions that make cybersecurity simple, effective, and within reach for everyone,” Kazimieras Sadauskas, CEO of CBRX, said.

The funding is aimed to expand the staff and hire talented engineers, enrich CBRX`s technology development capabilities, and bring their product to the market.