Vilnius-based incident analysis platform CBRX, which aims at saving cybersecurity teams time, has secured €275,000 in a pre-seed funding round led by ScaleWolf and FIRSTPICK. The investment will be used to further develop and expand the startup.
- Founded in 2023 by Kazimieras Sadauskas and Audrius Miknevičius, CBRX, formerly known as Cyberalert, offers a platform for automating incident analysis, tailored for cybersecurity professionals. The platform boosts team productivity by 90% in incident analysis and handling, while enabling more strategic security measures, the startup claims.
- CBRX enhances incident data and streamlines handling procedures to ensure the efficient resolution of security incidents. Its comprehensive approach protects digital assets and ensures operational continuity.
Details of the deal
- The investment was led by ScaleWolf VC, a Vilnius-based venture capital firm focused on supporting technology startups, especially in the defense sector, and FIRSTPICK, another Vilnius-based VC firm that invests in Baltic tech startups with ticket sizes ranging from €50,000 to €250,000. FIRSTPICK's portfolio includes 32 investments, 24 startups, and one exit in StackFlows.
“We are thrilled to have the support of ScaleWolf and FIRSTPICK, Their trust in our vision fuels our excitement for what’s ahead, Co-founder and CEO of CBRX, Kazimieras Sadauskas, stated.
- The new capital will allow CBRX to launch its product, grow its workforce, and further develop its technology.
“Our mission is to make cybersecurity effortless by leveraging the latest advancements in technology. We are dedicated to developing solutions that not only detect and respond to threats in real-time, but also predict and prevent future attacks. This funding will allow us to continue pushing the boundaries of what is possible in cybersecurity," Co-founder and CTO of CBRX, Audrius Miknevičius, commented.
