Cyber Start-up Eye Security Raises €17 Million

Cyber ​​security firm Eye Security has raised €17 million. The company, founded in 2020, wants to further expand its IT security subscription service in Europe. The company is now active in the Netherlands, Belgium and Germany and has about seventy employees. "That number must double within a year," says CEO Job Kuijpers.

The money comes from the American Bessemer Venture Partners. In the past, this investor invested in successful companies such as LinkedIn, the digital bulletin board Pinterest, and game streaming platform Twitch.

Cyber ​​insurance

Like many other companies, Eye Security provides cybersecurity. However, it distinguishes itself by offering companies and institutions a complete package for a fixed amount per month. This concerns antivirus software and a warning if software needs to be updated, but also a 'digital fire brigade' of specialists who visit the site 24 hours a day, should anything go wrong. Earlier this year, the company received a license to also sell insurance.

Eye Security focuses on organisations with a turnover of up to approximately €250 million. Customers include transport companies, hospitals and production companies. The start-up was founded by Job Kuijpers, Vincent Van de Ven and Piet Kerkhofs. Both previously worked for the secret service AIVD.

Profitable

Despite the deteriorated investment climate, Eye Security claims to have had no trouble finding money. “There was interest from several investors,” says CEO Kuijpers. He thinks that investors mainly put the brakes on companies that are growing quickly but are not yet making a profit. We are already cash flow positive. And our investor raised another $3.6 billion last summer.'

Earlier this year, Eye Security raised €4.5 million through the Dutch Security TechFund established by TIIN Capital from Naarden. Europe's number one investment fund focused on early-stage companies and scale ups active in Cybersecurity and IoT Security solutions. The amount at which the cybersecurity company is now valued has not been disclosed.

About Eye Security

Eye Security is a subscription-based cybersecurity and insurtech company which makes cybersecurity feasible and affordable for European businesses. With a growing team of security and insurance experts, Eye Security offers a high-quality, affordable all-in-one security product with active 24/7 protection and cyber insurance. Founded in 2020, Eye Security operates in Europe both direct and though her strategic partnerships and has offices in the Netherlands, Belgium, Germany. Read more about Eye Security here.