Emproof, an Eindhoven- and Bochum-based company that provides security solutions for embedded systems, announced on Tuesday that it has secured €2M in a Seed round of funding.
The raised capital will help the company to further develop its product range and serve customers in Europe and the US.
This round was led by the Dutch investment group TIIN Capital through its Dutch Security TechFund.
High-Tech Grunderfonds from Germany and the French venture capitalist Cyber Impact, a firm with cooperation between three European investors, also participated in the round.
Emproof was founded by Philipp Koppe, Marc Fyrbiak and Benjamin Kollenda in 2017 at the Horst-Görtz Institute for IT-Sicherheit (HGI) in Bochum, Germany.
Prior to Emproof, the founders worked together on academic projects focusing on advanced reverse engineering and advanced security analyses, for instance, reverse engineering of the microcode of AMD x86 CPUs.
Emproof has developed a technology that protects resource-constrained IoT and embedded devices against cyber threats and IP theft.
Over the next 12 months, the team will focus on roadmap features and Functional Safety certification to meet requirements in key markets such as aerospace, automotive, and medical appliances.
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