German cybersecurity company RedMimicry, a provider of a platform for the realistic emulation of complex cyber-attacks, has received million-dollar Seed financing to advance realistic cyberattack testing.
Many companies only test their defences selectively and under unrealistic conditions. This means that vulnerabilities in processes, technology, and collaboration can remain undetected.
However, regulatory requirements such as DORA and NIS-2 stipulate that companies must comprehensively and regularly test their security measures against current attack chains.
RedMimicry was founded in 2023 by Alexander Rausch and Stefan Steinberg. The company provides repeatable emulations that enable companies to thoroughly validate their cyber defences against threat scenarios, such as malware or targeted attacks. This enables customers to increase their security sustainably while reducing costs and effort. As well as working directly with customers, RedMimicry collaborates with a growing network of partners to help companies of all sizes enhance their security processes.
Alexander Rausch, founder and CEO of RedMimicry, said:
“Our vision is to enable companies to protect themselves independently and effectively against increasingly complex cyber-attacks. With the support of experienced investors, we can advance our technology significantly and expand our market position.”
High-Tech Gründerfonds (HTGF) led the round with participation from Capital Square from Hamburg, superangels from Munich, and several well-known business angels.
Björn Sykora, Principal at HTGF, said:
"Alex and Stefan combine technical excellence with entrepreneurial vision. With RedMimicry, they are addressing one of the greatest risks companies are currently facing: protection against cyber-attacks. They provide a European security solution that benefits both medium-sized and large companies.”
According to Martin Ostermayer, co-founder of Capital Square:
“RedMimicry’s bold vision and outstanding team embody exactly the kind of ambition and expertise we look for in founders – and we’re confident they’ll set new standards in cybersecurity.”
The fresh financing will enable RedMimicry to further develop its product platform, with a particular focus on specific threat scenarios, including attacks on critical infrastructure (operational technology, OT) and financial service providers. RedMimicry is also investing in its sales team and expanding its partner network.
Lead image: Alexander Rausch, Security Researcher / Founder & CEO of RedMimicry, Stefan Steinberg, COO of RedMimicry and Björn Sykora, Principal at HTGF (Photo: Alexander Klebe).
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