Muninn, a Copenhagen, Denmark-based AI-driven cybersecurity platform, secured €2.5 million in a seed funding round led by Luminar Ventures with participation from previous investor PreSeed Ventures (PSV).
The funds will be used to grow both the product and go-to-market teams to continue strengthening the product while accelerating growth.
Muninn has experienced rapid growth in the last six months from private and public customers who are investing in fighting cyber threats using Muninn’s AI Detect and Prevent technologies.
Muninn won a large tender from the Danish Health Authority, competing against much larger and well-funded legacy cybersecurity vendors.
Company: Muninn ApS
Raised: €2.5M
Round: Seed Round
Funding Month: Aug 2022
Lead Investors: Luminar Ventures
Additional Investors: PreSeed Ventures (PSV)
Company Website: https://www.muninn.ai/
Software Category: AI-powered Cyber Security
About the Company: Founded in 2016 by Andreas Wehowsky and Lars Thrane, Muninn (formerly Wehowsky.com) develops artificial intelligence (AI) technologies that enable businesses to protect their critical digital assets and infrastructures from cyber-criminals. Muninn offers a cyber security platform that employs artificial intelligence technology to detect and respond to novel threats for organizations of all sizes and in a variety of industries, including law firms, maritime, airlines, and logistics. Muninn detects cyber threats in near real-time using the most recent advances in artificial intelligence and machine learning by looking for suspicious anomalies in computer networks. Its mission is to assist all types of organizations in protecting their networks from cyber-attacks, and it is headquartered in Copenhagen, Denmark.
Source: https://www.muninn.ai/muninn-news/muninn-secures-eu2-5-million-seed-round-led-by-luminar-ventures-with-existing-backers-preseed-ventures-following-on