CybExer Technologies, a Tallinn-based cybersecurity firm, has secured €1.5 million investment through the SEB Baltic Venture Debt program. The company will use the fresh funding to expand its AI-based cybersecurity training solutions, ArcticStartup informs.
About CybExer Technologies
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Founded in 2016 by Andrus Kivisaar and Lauri Almann, CybExer Technologies, provides comprehensive cybersecurity training solutions to increase organizational cyber resilience.
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The platform offers a range of advanced cybersecurity training modules designed to enhance the cyber capabilities of organizations. With its range of products, organizations can conduct highly realistic live-fire exercises that simulate real-world cyber attacks. This allows teams to identify and mitigate vulnerabilities, thereby improving their prevention and response strategies.
Investment details
The €1.5 million funding is a part of SEB Baltic Venture Debt program by SEB Bank.
“We are delighted that the first investment under this programme allows us to collaborate with such a high-calibre partner. This also serves as an excellent example for Latvian companies to think about financing, and we hope that the discussions initiated this year will result in deals next year,” told Pāvils Misiņš, Head of SEB Baltic Venture Debt.
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SEB Venture Debt is a €20 million program for debt investments in high growth companies in the Baltic countries from SEB Bank.
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The growth financing program offers loans for business development of up to 30% of the total capital attracted from investors, not exceeding €2 million.
This funding will support the company’s ongoing development and global expansion of its Cyber Range service, which is recognized as one of the top solutions in its field.
