Amsterdam's EclecticIQ closes €20 million Series C round

Dutch cybersecurity scale-up EclecticIQ has raised €20 million in Series C financing, led by Ace Management. Capricorn Digital Growth Fund and Quest for Growth joined the round, as did Invest-NL Capital, Arches Capital and existing investors INKEF Capital, KEEN Venture Partners and KPN ventures. The Amsterdam company serves government entities and large enterprises, and hopes to expand both its global footprint as well as its product portfolio with the new investment. Confident about its threat intelligence platform, EclecticIQ is looking toward ‘operationalising’ threat intelligence, a problem it says has not been solved in the market yet. With the recent acquisition of PolyLogyx’s end-point technology, the company feels ready to develop solutions that re-imagine how organizations detect, hunt and respond to sophisticated threats. This new round brings the company’s total funding to €47 million over a four-year period. 2017 saw a €14 million Series B led by Keen Ventures Partners, and the year before there was a €5.5 million Series A.