Bengaluru: VMRay GmbH, a provider of 3rd generation agentless threat analysis, closes its $3.9 million worth series A funding from eCAPITAL entrepreneurial Partners AG and High-Tech Gründerfonds (HTGF). The company will utilize the fresh funds to accelerate its product development roadmap and expand its global sales and marketing efforts. Earlier in 2014, VMRay had raised a undisclosed amount of seed funding from HTGF.
“This is further validation of the unique malware analysis technology that VMRay has developed. Our approach can give enterprises the edge in battling relentless and ever-more sophisticated cyberattacks. An automated analysis tool such as VMRay that easily integrates into existing security infrastructure enables enterprises to effectively leverage the resources they already have, while dramatically improving their visibility into the threat landscape, whereby improving their ability to react and defend.” says Carsten Willems, Co-Founder & CEO, VMRay.
Since its inception from 2013 by Ralf Hund and Carsten, VMRay has been the centre for automated evasion-resistant threat analysis and detection that works on cloud for many of the enterprises worldwide. Based in Bochum, Germany, VMay Analyzer is platform that is independent and highly scalable. It is the result of a decade of R&D by Carsten and Ralf , who are the world’s leading experts on dynamic malware analysis.
Talking about their investment Willi Mannheims, the Managing Partner of eCAPITAL says, “IT- and cyber security is one of our current key investment target sectors. VMRay’s sandbox technology is a great leap forward for the industry. We have not seen any solution with similar capabilities”.
“As the seed investor in VMRay, we saw early on the potential of their solution and the ability of the co-founders to execute their vision. When the opportunity arose to make a further investment, we didn’t hesitate. Given what the team has accomplished already, we know they will take VMRay into a leadership position in enterprise cyber security,” says Holger Heinen, Investment Director of HTGF.
Both tech investors are looking promising about their investments, which is a good sign for upcoming technology businesses that are looking for funds. There can be more investments coming like this, in the current technological decade.