Spanish cybersecurity startup Zynap raises €5.7M
Summary
Zynap, a Spanish startup leveraging generative AI to fight cybercrime, launched with 5.7M in funding from Kibo Ventures and Kfund.Headquartered in Barcelona with short-term plans for international expansion, Zynaps technology generates false cyberthreats using LLMs. Its standardized solutions ensure integration with existing tools and frameworks to prevent errors, while offering customization to suit specific client and sector needs.The cybersecurity industry continues to evolve rapidly amid escalating digital threats and the expanding attack surface created by cloud computing, IoT devices, and remote work. Organizations face sophisticated challenges from ransomware attacks, social engineering schemes, and state-sponsored cyber operations, driving robust growth in the security sector. We believe cybercrime is a challenge that cannot be tackled with generic solutions but requires advanced technology, reliable data, and a disruptive approach, he said.Weve known the team for over a decade, and its inspiring to see them come together again, stronger and more experienced, around such a distinctive and essential product for the cybersecurity industry. Were thrilled to invest in this team and their new venture for the second time, said Juan Santamar\xeda, partner at Kibo Ventures.Were investing in Zynap because we see an extraordinary team with a clear vision and a product that solves real problems for large enterprises and MSSPs.
Funding
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