Thursday, February 22, 2024
HomeBelgium-Startups Ghent-based Aikido Security Raises €5M in Seed Funding

[Funding alert] Ghent-based Aikido Security Raises €5M in Seed Funding

Aikido Security, based in Ghent, secures €5 million in funding for startups to grow its staff and visibility in the market. The tool helps SaaS providers in reducing false positives and identifying serious security breaches.

Aikido Security, based in Ghent, secures €5 million in funding for startups to grow its staff and visibility in the market. The tool helps SaaS providers in reducing false positives and identifying serious security breaches.

The investment will be used to strengthen the company’s position in the European and North American markets, as well as to onboard new members of the product, development, marketing, and sales teams.

Read also – UK-based Accenture Acquire 6point6

Christina Cacioppo, CEO of Vanta, and Inovia Capital’s Precede Fund participated in the company’s €5 million Seed round, which was co-led by Notion Capital and Connect Ventures.

Like the numerous subdisciplines of current Japanese martial arts, Aikido Security is a comprehensive defence tool for developers.

Read also – SUPPLYZ Rebrands as RESONIKS and Secures Investment from Kvanted

The platform prioritises vulnerabilities by severity, ensuring that essential issues are handled first and isolating them from false positives. It does this by scanning the source code and frequently large variety of cloud components involved in SaaS company operations.

Aikido CEO and CTO Willem Delbare elaborates: “SaaS companies that are building their platform often secure their new software by installing numerous scattered tools. This can generate a lot of noise for the developers and throw up a myriad of disparate false positives, which require attention, but pose no real threat. This causes a huge burden on the staff managing platform security. The problem is only exacerbated by growth — which can happen quickly in SaaS — creating huge headaches for the staff responsible for security.”

Delbare further shared: “Throughout my career, I have built multiple SaaS startups and wasted hundreds of hours piecing together a patchwork of tools needed to secure a new platform. In starting Aikido, I saw a better way to identify critical breaches whilst downgrading the distracting ‘non-issues’ that waste an engineer’s time. We are the only company in Europe doing this, demonstrating a renewed energy for startups in the continent.”

About Aikido Security

App security for developers is offered by Aikido Security. They examine your cloud and source code to identify the vulnerabilities that need to be fixed.

Read also – Amsterdam-based Eddytec Secures Funding to Identify Flaws in Carbon Fibre Composites

By greatly lowering false-positives and making CVEs legible by humans, they expedite the triaging process. With Aikido, managing the security of your product is easy and you can spend more time writing code, your strongest suit

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular