Cypherleak, a Newark, DE-based cyber risk monitoring and scoring startup, raised US$750K in Seed funding.
Backers included Maroc Numeric Fund II and Qatar Insurance Company.
The company intends to use the funds to expand across the Middle East and Africa.
Led by Mohamed Amine Belarbi, Founder and CEO, Cypherleak specializes in simplifying advanced risk monitoring for smaller companies, eliminating the need for extensive cybersecurity technical expertise. By utilizing only the domain name, it enables companies to track their leaked passwords and information on both the Public web and Dark web, to identify the full extent of their attack surface, and identify vulnerabilities affecting their infrastructure. Furthermore, the solution employs Machine Learning and risk models to deliver customized security ratings based on many cyber risk factors tailored for each customer.
The company has sold subscriptions to over 1000 corporate end-users across Europe and the MENA region, focusing on SMEs, often priced out of enterprise cybersecurity products.
While Cypherleak’s holding company is in Delaware, its Middle East regional office is based at Hub71, Abu Dhabi’s global tech ecosystem, which supports the growth of startups at all stages. The company is in the process of opening an African regional office in Morocco.
FinSMEs
27/09/2023