Funding

Zynap funding news – Spanish Startup Zynap Secures €5.7Million in Funding

Jan 21, 2025 | By Kailee Rainse

Zynap funding news - Spanish Startup Zynap Secures €5.7Million in Funding

Zynap, a Spanish startup using AI to fight cybercrime, has raised €5.7 million in funding from Kibo Ventures and Kfund.

SUMMARY

  • Zynap, a Spanish startup using AI to fight cybercrime, has raised €5.7 million in funding from Kibo Ventures and Kfund.
  • Zynap was founded in 2024 by Daniel Solís, who previously founded and led Blueliv.

Based in Barcelona, it plans to expand internationally soon. Its technology creates fake cyberthreats using AI, helping to protect against real attacks.

It's solutions are easy to integrate with existing tools and can be customized to meet the specific needs of different clients and industries.

The cybersecurity industry is changing quickly as digital threats grow and new risks come from cloud computing, IoT devices, and remote work.

Organizations now face complex issues like ransomware, social engineering, and cyberattacks by governments, which is causing strong growth in the security sector. The funding will help Zynap speed up its technology development and expand across Europe.

Read also - VitVio funding news – London-based VitVio has Secured €1.8 Million in Pre-Seed Funding

Daniel Solís, CEO and founder of Zynap, is the former CEO and founder of Blueliv. “Our mission is simple yet ambitious: Outsmarting Cybercrime. We believe cybercrime is a challenge that cannot be tackled with generic solutions but requires advanced technology, reliable data, and a disruptive approach,”.

Juan Santamaría, partner at Kibo Ventures said, “We’ve known the team for over a decade, and it’s inspiring to see them come together again, stronger and more experienced, around such a distinctive and essential product for the cybersecurity industry. We’re thrilled to invest in this team and their new venture for the second time,”.

Jaime Novoa, partner at Kfund said, “We’re investing in Zynap because we see an extraordinary team with a clear vision and a product that solves real problems for large enterprises and MSSPs. We’re excited to be part of this journey,”.

About Zynap

Zynap was founded in 2024 by Daniel Solís, who previously founded and led Blueliv. The company is supported by advisors like Pedro Castillo, founder of Onum and Devo, Spain's first cybersecurity unicorn. Zynap aims to change Threat Intelligence by using technology to provide valuable and hard-to-find insights.

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