We are thrilled to announce that CyLock, a standout startup from our portfolio, has successfully raised a significant funding round of €500,000. Leading the investment round was Scientifica, with additional support from CDP Venture Capital SGR, Startup Wise Guys, and Exor Ventures. This new funding builds on the €320,000 previously raised through the Cyber Xcelerator, part of the National Network of Accelerators by CDP Venture Capital SGR, Zest Group, Innova Venture, and several business angels.
CyLock, is a proud member of our second Cyber Xccelerator 2022 program, which ran in partnership with CDP Venture Capital, the venture arm of Italian investment bank CDP (Cassa Depositi e Prestiti) in Cosenza, Italy.
Introducing EVA
CyLock is on a mission to revolutionize the way organizations defend against cyber attacks. The CyLock team has developed EVA , the Extended Vulnerability Assessment software. EVA enables both specialized and non-specialized personnel to effectively test IT systems, surpassing traditional testing methods with solutions aimed at blocking hacker attacks.
EVA’s standout feature is its ability to self-configure and simulate thousands of attacks with unparalleled speed and precision. Provided as a SaaS, it eliminates the need for configuration skills, result interpretation, maintenance, or hacking expertise. This innovative technology is particularly crucial given the global shortage of cybersecurity experts, which leaves organizations vulnerable to increasingly sophisticated cyber threats.
“We don’t want to provide just another dashboard for security specialists; we’ve radically changed the perspective, shifting from a vulnerability management dashboard to a tool that offers concrete solutions to stop hacker attacks.”
Revolutionizing Cybersecurity with EVA
Since its inception, CyLock has tackled the challenge of a global cybersecurity talent shortage, which leaves organizations vulnerable to cyberattacks costing an estimated $6 trillion annually. Diego Padovan, CEO of CyLock, emphasizes, “We don’t want to provide just another dashboard for security specialists; we’ve radically changed the perspective, shifting from a vulnerability management dashboard to a tool that offers concrete solutions to stop hacker attacks.”
The Road Ahead for CyLock
With this latest round of funding, CyLock is poised to continuously enhance its product and lay the groundwork for international expansion. The company’s mission is clear: to revolutionize cybersecurity and bring its advanced technology to a global audience.
We are incredibly proud of CyLock’s achievements and their journey as part of the Startup Wise Guys portfolio. Their innovative solutions and relentless pursuit of excellence make them a formidable force in the cybersecurity industry. This funding marks a significant milestone in their journey and sets the stage for further advancements and broader impact in the cybersecurity realm.
