TIN Capital has led a €2.25 million funding round for VirtualMetric to enhance cybersecurity telemetry management and reduce costs for organizations.

Information on the Target

VirtualMetric, a rapidly growing innovator in the field of Security Data Management, has secured €2.25 million in funding to address a significant challenge in cybersecurity: the overwhelming volume of telemetry data. This funding round, led by TIN Capital from the Netherlands along with Auriga Cyber Ventures from France, aims to support VirtualMetric's efforts in reducing SIEM-related costs, enhancing data management processes, and improving operational efficiencies.

As organizations grapple with an ever-increasing influx of security data—such as logs, metrics, and alerts—the costs associated with storage and analysis have soared. Large enterprises now allocate substantial budgets towards managing their Security Information and Event Management (SIEM) systems, often spending up to €10 million annually.

Industry Overview in the Target’s Specific Country

In the Netherlands, the cybersecurity industry is rapidly evolving, driven by a rise in digital threats and an urgent need for advanced security measures. The increase in re