German cybersecurity startup QuoIntelligence has secured €5 million in seed funding. Led by DeepTech VC investor eCAPITAL Entrepreneurial Partners, the round included private investors.
Aiding businesses with AI-based cybersecurity
Founded in Frankfurt in 2020, QuoIntelligence has developed a distinctive threat intelligence service. It uses AI and human expertise to bolster cyber resilience, supporting businesses in mitigating cyber threats.
QuoIntelligence provides crucial threat intelligence to a wide variety of sectors. Its clients include firms in the DAX40, EU banks, and businesses in insurance, industrial, semiconductor, retail, and transportation sectors.
The company combines human expertise with AI, delivering a unique service in the cybersecurity landscape. QuoIntelligence operates in Germany, Italy, Spain, and the US, and has served clients across the EU.
Rapid expansion with seed funding
The €5 million investment will be used to expand the QuoIntelligence team, enhance its product and services, and substantially increase its market reach.
As a growing number of organisations 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 unrivalled value to our customers.
Marco Riccardi, the founder and CEO of QuoIntelligence
Dirk Seewald, Partner, eCAPITAL, stressed the wide application domain of threat intelligence. He remarked on the unique positioning of QuoIntelligence as a European vendor with an automated and differentiated service.
Ari Bizimis, the founding investor of QuoIntelligence, expressed immense confidence in the company’s growth potential. With the partnership with eCAPITAL, he envisages QuoIntelligence becoming the leading threat intelligence provider in Europe.
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