bags for eye security €36 million in Series B financing to support European cybersecurity

J.P. Morgan Growth Equity Partners spearheaded this noteworthy financial achievement, with support from long-term investors Bessemer Venture Partners and TIN Capital.

Since its founding by former Dutch intelligence and security services professionals, Eye Security has emerged as a major force in the cybersecurity industry. Today, the business employs over 100 specialists in three different locations, making up a skilled workforce. Eye Security is well-known for its creative methodology, providing mid-market businesses with enterprise-level cybersecurity protection, incident response, and cyber insurance. Having served hundreds of happy clients in a variety of industries, Eye Security is now a well-known brand for cybersecurity products.

With the newly obtained capital, Eye Security intends to extend its reach into additional specific European nations in 2024 and further establish itself in its present markets in the Netherlands, Germany, and Belgium. This growth is a result of the business's dedication to providing people-centered, top-notch cybersecurity services, which have won the company a lot of praise from its clientele.

According to the report, the €34 billion European cybersecurity market is projected to rise sharply to reach almost €60 billion by 2029. In spite of this quick growth, a sizable amount of market resources are focused on protecting big businesses, leaving millions of smaller businesses vulnerable to cyberattacks. By concentrating on offering complete cyber security and insurance solutions designed for the mid-market segment, Eye Security corrects this imbalance.

Furthermore, Eye Security is ideally situated to gain from the upcoming NIS2 legislation from the European Union, which requires businesses to report cybersecurity breaches. The growing significance of strong cybersecurity measures for enterprises throughout Europe is highlighted by this directive.

Excited by the funding, Job Kuijpers, CEO of Eye Security, said, "Our journey began with a mission to combat the rising cyber risks that organizations face on a daily basis. We are thrilled to expand our mission throughout Europe and offer our clients and business associates the peace of mind that comes with working with a top provider of insurance and cybersecurity.