Sweden’s Unomaly raises €4.6 million Series A round from EQT Ventures

Stockholm’s Unomaly, a provider of IT breach detection tools, has raised €4.6 million in a Series A round led by EQT Ventures.

Unomaly’s tech is aimed at critical infrastructure and digital environments like power stations and businesses like banks to monitor and detect any IT incidents and breaches in a world that is increasingly reliant on software and security. The program automates the monitoring of IT systems for any anomalies and provides instant notifications to security engineers and developers in the organisation.

The new funds will be used to further develop its software product and enhance its global customer base.

“Machine learning is all the hype right now, but this is an approach where it really excels,” said Andreas Thorstensson, tech partner at EQT Ventures, who will be joining the company’s board.

“EQT Ventures is one of very few VCs out there with deep technology knowledge and entrepreneurial background. They have precisely the right people for the right questions. We think this understanding and composition is really important for a long term partnership,” said Unomaly cofounder and CEO Johan Gustafsson.

Unomaly was founded in 2012 and previously raised a €1.9 million seed round in 2013.