On Monday, cybersecurity Assessment solutions provider Outpost24 announced that it had raised SEK 200 million (approximately EUR 19 million / $23 million).
Scandinavian asset manager Swedbank Robur and equity investment firm Alcor Fonder led the new funding round.
Founded in 2001, Sweden-based Outpost24, owned by Nordic software investor Monterro, Karlskrona, helps companies identify and address network vulnerabilities.
Businesses can evaluate applications, devices, networks, and cloud environments using Outpost24’s security evaluation tools and ensure compliance with internal or external regulations.
The cyber evaluation provider plans to accelerate portfolio expansion to customers worldwide, using the new funds. In 40 countries the company already has over 2,000 clients, serving a variety of verticals, including government, financial and insurance, healthcare, manufacturing, retail, telecoms, and technology. Cybersecurity Assessment.
Martin Henricson, CEO of Outpost24, commented: “As malware and phishing attacks continue to make their way through the corporate defense, there is a real need for businesses to improve cyber hygiene through continuous evaluation and unified security insights.”