Germany-based VMRay, a solution provider for dynamic analysis of advanced threats such as zero-day and targeted attacks, announced that it has extended its Series B funding to €32M.
The company mentions in a statement that it will use the funds to further accelerate the expansion of its product portfolio in order to target a broader set of market segments.
The investment was led by France-based alternative asset manager Tikehau Capital through its subsidiary Tikehau Ace Capital and its European Cybersecurity Growth fund, alongside new investors NRW.BANK and Gründerfonds Ruhr.
Founded in 2013 by Carsten Willems and Ralf Hund, VMRay was established in order to address a significant cybersecurity vulnerability including new, unidentified, and highly sophisticated threats and targeted attacks.
The company offers solutions for enterprises, governmental organizations, and MDRs to detect and analyze the most challenging malware and phishing threats.
In order to solve emerging and evolving challenges, the company developed a “unique”, hypervisor-based approach to sandboxing, and then continued to integrate technology, including its own Machine Learning models.
In computer security, a sandbox is a security tool used to isolate running programs, often to lessen the impact of system failures and/or the spreading of software vulnerabilities.
VMRay claims that its solutions increase the effectiveness of Security Operations Center teams With precise judgments, noise-free output, and “seamless” integrations with leading EDR, XDR, SOAR, and Threat Intelligence Platform suppliers.
Currently, the company has collaborations with four of the top five technological firms worldwide, 37 significant financial institutions, and 56 governmental entities globally.
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