German cybersecurity startup Enginsight has successfully raised €6 million in a round led by UVC Partners. Among the co-investors is Carsten Maschmeyer, again investing in the startup with his seed+speed fund; bm-t beteiligungsmanagement thüringen GmbH, Talanx AG, Smart Infrastructure Ventures, and Brandenburg VENTURES GmbH.
The company works to protect the small and medium-sized enterprises (SMEs) sector from the growing threat of cyberattacks.
SMEs comprise 99.4 per cent of the German economy and are particularly vulnerable to cyberattacks due to their lack of resources and expertise to defend against increasingly sophisticated threats.
Such cyberattacks caused damages of €203 billion in Germany in 2022, according to the annual IT security report by the Federal Office for Information Security (BSI).
Enginsight offers a solution developed entirely in Germany, specifically tailored to meet the needs of the German SME sector.
Enginsight determines the maturity level of its customers' IT security and proactively detects and blocks attacks. By 'making the invisible visible' and 'making the insecure secure', Enginsight focuses on transparency and automation in IT security.
"Our goal is to ease the burden on IT managers in SMEs and provide them with the transparency and control they need over their networks," says Mario Jandeck, co-founder and CEO of Enginsight.
"Every day, about 70 new vulnerabilities are discovered in software products – a massive threat, especially considering the sensitivity and importance of business data.
With our holistic approach, which focuses on threat detection, prevention, and automated vulnerability management, companies can act proactively to protect themselves."
"With our automated, all-in-one solution, we're fighting against attackers and empowering SMEs to restructure their IT infrastructure and prepare for the future," explains Max Tarantik, co-founder and COO of Enginsight.
Andreas Unseld, General Partner at UVC Partners, notes:
"From our perspective, the biggest challenge for many SMEs is the lack of comprehensive solutions that are both affordable and quick to implement.
Enginsight's customers benefit from a pre-configured platform that can typically be deployed and operational within a day.
The company combines threat detection, monitoring, and response in a single system without requiring multiple isolated tools. That's why we believe Enginsight's offering perfectly aligns with the needs of today's market."
According to Alexander Kölpin, Investor and Managing Director at seed + speed Ventures:
“We are proud of how Enginsight has expanded and improved its product portfolio in recent years. It is not only large companies that are increasingly at the center of cyber attacks; SMEs and smaller companies are also being forced to seriously protect their software and hardware systems.
Enginsight provides business and administration with an all-in-one security platform plus support and consulting that offers all-round protection made in Germany.”
With this latest funding round, Enginsight plans to expand its market leadership in the DACH region (Germany, Austria, Switzerland) and establish a foothold internationally.
The focus will be on targeted branding campaigns, expanding the sales team, and developing new partnerships. Simultaneously, the software will evolve to ensure that it provides SMEs with optimised, future-ready protection.
Lead image: Mario Jandeck, Max Tarantik, and Eric Range from Enginsight. Photo: uncredited.
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