Madrid-based Kymatio raises €725K to expand its cybersecurity tools for employees
Summary
Spanish startup Kymatio, the SaaS platform that manages cyber risk for employees, has increased its first round of investment by 40% to accommodate two new partners, Banco Sabadell, BStartup and the JME Ventures fund. The startup states that organizations face massive losses in domestic incidents with an average cost of €8 million in large corporations and €40K in the case of SMEs. With this round, Kymatio aims to fuel its sales and boost the product, adding functionality that identifies, analyses, and overall covers everything an organization needs to address the security risks linked to information and employees. Kymatio allows a holistic prevention strategy, tackling the problem from the human factor by the means of state-of-the-art techniques and innovative technology. At Banco Sabadell we hope to be able to contribute to the growth of this company that has a first-class team and product.” As indicated by Lourdes Álvarez de Toledo , Principal at JME Venture Capital: “Kymatio is a pioneer in addressing vulnerability and internal cyber risk threats by coupling technology with neuroscientific tools.
Funding
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