Lithuanian cybersecurity startup Cyber Upgrade has raised €2.5 million in Seed funding to advance its AI-powered system aimed at achieving complete autonomy in cybersecurity solutions.
Target Information
Cyber Upgrade, a Lithuanian cybersecurity startup, has successfully raised €2.5 million in a Seed funding round. This funding is a significant step for the company, coming just a year after it secured €650,000 during a Pre-Seed round in February 2024. The primary focus of Cyber Upgrade is to develop an AI-driven cybersecurity system that aspires to achieve complete autonomy, eliminating the need for human intervention.
At the core of its service is an innovative tool referred to as the “copilot.” This automated system assists businesses by guiding them through cyber audits and ensuring compliance readiness. By utilizing popular communication platforms, such as Slack and Microsoft Teams, this tool empowers organizations to assess their cybersecurity posture efficiently, even in the absence of specialized in-house cybersecurity teams.
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Industry Overview in Lithuania
The cybersecurity industry in Lithuania is notably dynamic and evolving rapidly, largely due to a surge in cyber threats and the heightened importance of compliance with various regulations. Increased digital transformation a
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in 2024
in a Seed Stage deal
Disclosed details
Transaction Size: $3M