CybExer Technologies has raised €5 million to expand its advanced cybersecurity platform, aiming to address the global skills gap and rising cyber threats.

Target Company Overview

CybExer Technologies, a cyber range company based in Estonia, has successfully raised €5 million in funding aimed at addressing the growing global demand for cybersecurity solutions. This initiative will facilitate the company's expansion into international markets, specifically to mitigate the acute skills gap in cybersecurity and to combat the increasing frequency and sophistication of cyber-attacks. Known for its robust cyber range platform, which is both cloud-based and adaptable for on-premise applications, CybExer serves a diverse clientele, including major defense organizations, financial institutions, and critical infrastructure industries.

The company's innovative platform is designed to meet NIST/NICE standards, offering comprehensive testing and evaluation. It ensures seamless integration with complex industry-specific applications, including directory services, international transactions, 5G technology, OT/SCADA systems, and vital aerospace and defense operations.

Industry Overview in Estonia

Estonia is recognized as a global leader in cybersecurity, bolstered by a strong governmental emphasis on digital security and an innovative digital environment. With its advanced digital infrastructures, Estonia has cultivated a thriving tech