Funding

Aikido funding news – Security Platform Aikido Secures over €15.8 Million in Fresh Series A Round Funding

May 2, 2024 | By Startup Rise EU

Ghent-based Aikido, the get-it-done security platform for developers and SMEs, secures over €15.8 million in fresh series A round funding from Singular.vc, joined by Notion Capital and Connect Ventures.

Ghent-based Aikido, the get-it-done security platform for developers and SMEs, secures over €15.8 million in fresh series A round funding from Singular.vc, joined by Notion Capital and Connect Ventures.

SUMMARY

  • Ghent-based Aikido, the get-it-done security platform for developers and SMEs, secures over €15.8 million in fresh series A round funding.
  • Series A round was led by Singular.vc, joined by Notion Capital and Connect Ventures.

It is now the fastest-capitalized business in Belgian history, having secured €5 million in initial finance in just six months prior to this round. The money will go towards growing the platform, launching it on a global scale, and making security more accessible to developers and SMEs.

Henri Tilloy, who led the round at Singular.vc, said: "It simplifies security for developers with an all-in-one platform that consolidates all necessary code and cloud security scanners in one place. It features a simple UI with a freemium self-service model so developers can easily help themselves. Aikido has an incredibly pragmatic and unique approach to security. It’s simple, leverages open-source, and is easy to set up and use for developers; yet it ticks all the boxes for their company’s compliance and security requirements in one go.”

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Following its seed round in November of last year, the firm has grown at an unprecedented rate. After becoming live less than a year ago, it is already utilised by 6,000 individual developers and 3,000 organisations, with an additional 10 organisations joining it every day.

Read also - Biotech company Vivalyx Raises €5.4Million in Seed Funding – FUNDING NEWS

One of the latest victories for Aikido's quick expansion is that Visma choose Aikido to safeguard its portfolio of more than 175 enterprises. With 30% of its clientele residing in the US, it hopes to expand globally in order to support developers in completing security-related tasks.

About Aikido

Developers may use Aikido as a get-it-done security platform. All required code and cloud security scanners are centralised in one location by Aikido. As a team of pragmatic engineers, they prioritise open-source solutions and the developer experience in both their design and development process.

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