Deep tech cybersecurity start-up Threatray secures CHF 2.3 million
22 June 2021
Threatray, a spin-off of the Bern University of Applied sciences, has completed its seed round, raising CHF 2.3 million to support its growth and the expansion of its team.
The clues to understanding and defending against malware threats are often hidden deep in data. Most malware analysis technologies lack the depth and intelligence-based capabilities needed to pinpoint and contextualize threats.
A spin-off of the Bern University of Applied Sciences founded in 2018, Threatray has developed a malware intelligence platform that gives enterprise and government security teams deep visibility into attempted and unfolding malware attacks, facilitating effective defense and response to cyber-attacks.
Threatray’s platform offers deep, data-driven correlation analysis to rapidly detect and analyze threats other technologies miss, enabling its users to easily collect and ingest threat data from their infrastructure and combine it with advanced analytics capabilities to analyze their threat data.
A quick adoption of a solution offering novel search algorithms
“At the core of Threatray’s product are novel search algorithms that find relations between ongoing and historical attacks, which are invisible for traditional technologies”, says Endre Bangerter, co-founder of Threatray and a professor of Cybersecurity with more than 20 years of experience in the field.
Based in Biel, in the canton of Bern, Threatray has entered the market in late 2020 and its SaaS solution has enjoyed quick adoption by major customers.
Thanks to this success, Threatray is following a rapid growth strategy. The CHF 2.3 million seed capital will enable the start-up to pursue its strategy and expand its team. Verve Ventures has joined the start-up’s existing investors Hammer Team, SICTIC, BackBone Ventures and the innofund by SZKB.