Coimbra-based cybersecurity startup ETHIACK has raised €4 million in seed funding to accelerate the development of its AI-driven solutions and expand its presence internationally.
The funding round was led by Explorer Investments, with participation from investors such as CoreAngels, Paulo Marques, Startup Wise Guys, Aralab, Amena Ventures, and Start Ventures.
ETHIACK combines human expertise with AI to deliver continuous security testing for digital assets and has achieved €1 million in turnover with a client portfolio spanning nine countries.
The fresh funding will be used to launch the next generation of ETHIACK's Automated Continuous Pentesting technology and expand into new markets, starting with the UK and Europe.