QuoIntelligence, a Frankfurt, Germany-based cyber intelligence startup, secured €5 million in seed funding.
The round was led by DeepTech VC investor eCAPITAL Entrepreneurial Partners, with participation from private investors.
The investment will be used to expand the QuoIntelligence team, enhance products and services, and significantly increase the company’s market reach.
The SaaS startup provides comprehensive Digital Risk Protection, unique Threat Intelligence, and empowering Risk Intelligence for strategic decision-making. Cutting-edge solutions provide the Finished Intelligence clients need to safeguard themselves from cyber and geopolitical threats.
Marco Riccardi, CEO and founder of QuoIntelligence, said: “As a growing number of organizations wake up to threat intelligence’s vital role in their business, this funding allows us to boost our threat intelligence offering, recruit top talent, and deliver unrivaled value to our customers. By continuing to seamlessly integrate technology and talent, we continue our mission to be Europe’s top threat intelligence partner.”
Company: QuoIntelligence GmbH
Raised: €5.0M
Round: Seed Round
Funding Month: July 2023
Lead Investors: eCAPITAL Entrepreneurial Partners
Additional Investors:
Company Website: https://quointelligence.eu/
Software Category: Threat Intelligence
About the Company: Founded in 2020 by Marco Riccardi in 2020, QuoIntelligence has developed a unique threat intelligence service that combines AI with human expertise. The company enables organizations to significantly reduce operational risks and make informed security decisions through the delivery of timely threat intelligence tailored precisely to their needs. Clients include companies in the DAX40 and EU banks and come from sectors such as insurance, industrial, semiconductor, retail, and transportation. Currently, QuoIntelligence employs over 40 people and operates in Germany, Italy, Spain, and the US, with customers located across the EU.
Source: https://techfundingnews.com/german-cybersecurity-startup-quointelligence-secures-e5m-for-its-ai-based-threat-intelligence-service/