In order to develop its products throughout Europe, Eye Security, a cybersecurity start-up with its headquarters in the Netherlands, has raised €36 million in a Series B fundraising round.
In order to develop its products throughout Europe, Eye Security, a cybersecurity start-up with its headquarters in the Netherlands, has raised €36 million in a Series B fundraising round.
Leading the round was JP Morgan Growth Equity Partners, the US banking giant's private capital unit's late-stage venture and growth equity investment division. Bessemer Venture Partners and TIN Capital, which had previously taken part in Eye Security's prior fundraises, provided significant support.
Up to this point, Eye Security has raised €57.5 million. Its most recent financing comes two years after its €17 million Series A.
The Hague-based start-up was established in 2020 and offers managed extended detection and response (MXDR), incident response, and cyber insurance services to mid-market companies in the Netherlands, Germany, and Belgium who are involved in the European supply chain.
The startup claims that it would "deepen its presence in existing markets...while also expanding across select European countries" using the proceeds from its most recent funding round.
It continues by characterizing its products as being "uniquely positioned" to support the upcoming NIS2 rule from the EU, which mandates that companies improve their incident response capabilities and is scheduled to go into effect on October 17.
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