Copenhagen-based Muninn lands €2.5 million for its cybersecurity platform
Summary
Tech startup Muninn has secured €2.5 million for its powerful cybersecurity system that is helping businesses and organizations prevent cyber threats in real-time. This comes as the startup reports that it’s doubled its customer base and tripled revenues in the first six months of this year, as well as having won a €15 million tender from the Danish Health Authority. While thousands of businesses and organizations face cyberattacks on a daily basis, outdated cyber defence systems are struggling to keep up with increasingly complex and sophisticated threats. Muninn founder and CEO Andreas Frederik Wehowsky, explained: “Our machine learning approach to stopping data leakage by tracking hackers that sneak under the radar, minimizing false positives, and automatically suggesting actions to respond to threats, puts us at a significant advantage when compared to traditional cybersecurity tools.” Moving forward, the Copenhagen-based team is planning to use this investment to continue product development and level-up commercial growth. Luminar Ventures’ Jacob Key, said: “We invest in unique talents, and in Andreas, we have found a trailblazer that combines a very credible cyber security background, with a deep understanding of machine learning technologies.