foreseeti secures scale-up funding of 3 MUSD to accelerate growth
foreseeti announces that it has successfully closed new funding of ~3 MUSD (30 MSEK) to fuel the global business growth. The funding round was led by Fairpoint Capital, a Nordic B2B technology Venture Capital investor focused on the next wave of high-tech breakthroughs.
foreseeti CEO, Anders Malmström comments: “We warmly welcome Fairpoint Capital and our new investors. We are today uniquely positioned as the early market leader of AI Automated Threat Modeling & Attack Simulation Solutions, with 100+ man-years advanced R&D in the products. We have engaged customers around the globe leveraging our securiCAD solutions and with the support of Fairpoint Capital we can now accelerate that growth. Our focus continues to be a SaaS first company with solutions for the broader market – unleashing the power of AI and Cloud Automation to enable customers to manage their cyber risk exposure at scale and responsiveness. We’re excited to be able to take our business to the next level.”
Fairpoint Capital Investment Director, Filip Peterson, comments: “We are thrilled to be joining the foreseeti team. We have followed foreseeti for some time and are impressed by their ability to innovate and create attractive products based on world class R&D. I have never experienced such consistently positive customer reference conversations. Customers often talk about a feeling of before and after, where they find it difficult to see how they could go back to how they previously worked.”
foreseeti co-founder and CCO, Joakim Nydrén: “We live and breathe the security concerns of the modern cloud infrastructure and we fully support the DevOps and DevSecOps ways of working. DevOps and Security Teams can assess the security aspects and vulnerabilities of chosen infrastructure, in a fully automated, integrated, and data-driven way over time, allowing limited resources to be allocated smarter and more efficiently.”
foreseeti, Europe’s leading provider of Automated Threat Modeling and Attack Simulation solutions, is a Swedish technology company headquartered in Stockholm. Our flagship products, the securiCAD solutions, empower IT decision makers with insight to the cyber risk exposure and resilience of their IT architectures, uncovering critical paths to high value assets and weak spots in the architecture so that proactive actions can be taken where they really matter.
About Fairpoint Capital
Fairpoint Capital is a B2B technology investment fund. We leverage on more than two decades of technology venture capital investments. Our investment focus is unique technologies and business models that are highly scalable. Preferably the products address global markets with strong growth drivers. Investments are focused towards the Nordic region with a Swedish centre of gravity, but the fund has no formal geographic restrictions.