Cybersecurity Company VMRay Extends Series B Investment to a Total of $34M USD to Drive Growth into New Markets

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Cybersecurity Company VMRay Extends Series B Investment to a Total of M USD to Drive Growth into New Markets


BOCHUM, GERMANY (PRWEB) DECEMBER 20, 2022 — VMRay, a worldwide participant in superior menace detection and evaluation that gives options for enterprises, governmental organizations, and MDRs to detect and analyze essentially the most difficult malware and phishing threats, broadcasts the closing of a Series B led by international various asset supervisor Tikehau Capital, by way of its subsidiary Tikehau Ace Capital and its European Cybersecurity Growth fund alongside new buyers NRW.BANK and Gründerfonds Ruhr. Previous buyers eCAPITAL and High-Tech Gründerfonds additionally participated within the spherical. The new funding will gasoline additional growth of the product portfolio to focus on a broader set of market segments.

VMRay was based to beat an enormous vulnerability in cybersecurity: new, unknown, and complex threats and focused assaults. The firm began its journey by growing a novel, hypervisor-based strategy to sandboxing, and saved including cutting-edge applied sciences, together with its personal Machine Learning fashions, to deal with rising and evolving challenges. The options goal at bettering the effectivity of SOC groups with correct verdicts, noise-free output, and seamless integrations with main EDR, XDR, SOAR, and Threat Intelligence Platform distributors. The firm is now working with 4 of the world’s high 5 expertise firms, 37 main monetary establishments and 56 governmental organizations all over the world.

“The cyber threat landscape is going through a profound change, and with the increasing volume and complexity of new threats, our customers face new challenges,” mentioned Dr. Carsten Willems, co-founder and CEO of VMRay. “The latest investment has been a collaboration with a strategic scope, enabling VMRay to make its product suitable for a wider range of market segments and use cases including threat intelligence, security automation and MSSPs.” 

“In our role as cybersecurity-focused experts, we were impressed with VMRay’s unique value proposition: building more effective detection tools integrated or interfaced with larger cybersecurity solutions. VMRay’s ability to automate detection is a clear differentiator, positioning it as the tip of the spear in the global effort to elevate cybersecurity standards globally,” said Augustin Blanchard, Executive Director at Tikehau Capital. “We firmly believe the company will sustain scalable, explosive growth in the coming years, driven by skilled leadership and powerful market tailwinds.”

“VMRay has managed to uniquely position themselves in the market, complementing existing solutions as the extra layer of security that is needed to combat advanced and unknown threats,” mentioned Dr. Ulrich Schmitt from High-Tech Gründerfonds. “Having built a strong foundation for further international growth, the company is set to become the global leader in advanced threat detection, and we are excited to support the VMRay team in the years to come.”

Willi Mannheims, Managing Partner at eCAPITAL added, “We’re delighted to be partnering with a syndicate of top investors to continue fueling VMRay’s success and support the company’s experienced management team in driving growth.”

About VMRay
At VMRay, our objective is to liberate the world from undetectable digital threats.Led by respected cyber safety pioneers, we develop best-of-breed applied sciences to detect and analyze unknown threats that others miss. Thus, we empower organizations to reinforce and automate safety operations by offering the world’s greatest menace detection and evaluation platform. We assist organizations construct and develop their merchandise, companies, operations, and relationships on safe floor that enables them to give attention to what issues with final peace of thoughts. This, for us, is the inspiration stone of digital transformation.

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