Amsterdam-based cybersecurity firm EclecticIQ has raised €14 million in Series B funding from Keen Ventures Partners and existing investors.
To date the company, founded in 2014, has raised more than €20 million.
The new funds will be invested in expanding its portfolio and improving its Fusion Center product, which provides organisations with cyber threat intelligence, by targeting more mid-sized companies.
It mostly serves clients in the financial sector, government, and critical infrastructure.
Furthermore, it plans to grow its teams in Europe and the US. It has offices in Amsterdam, London, and Virginia.
“EclecticIQ plays a pivotal role in supporting our customers and partners in their fight against the accelerating landscape of cyber threats. Agility and human enablement is key in bringing back balance in our fight against cyber adversaries,” said Joep Gommers, CEO of EclecticIQ. “We’re in a unique position to not just enable analysts with the tools they require to be as productive as they can be, but also to give them access to the world’s leading intelligence suppliers without the hassle of complicated integration and procurement.”
Alexander Ribbink, general partner at lead investor Keen Venture Partners added that the VC firm has been "impressed by the technology, the team and the huge potential of this market."