Coimbra, December 12, 2024 – ETHIACK secures €4M to transform cybersecurity with AI-driven Hackbots. The funding fuels innovation, global expansion, and digital asset protection.
ETHIACK, a trailblazing cybersecurity startup, has secured €4 million in seed funding to redefine digital protection with AI-powered Hackbots.” The funding round, spearheaded by Explorer Investments and backed by CoreAngels, Startup Wise Guys, and others, marks a major milestone for the Portuguese company.
Founded in 2022 by ethical hackers André Baptista, Jorge Monteiro, and Vitor Pinho, ETHIACK has quickly emerged as a leader in cybersecurity innovation.
Combining human expertise with cutting-edge AI, its automated pentesting technology has secured over 150,000 digital assets across nine countries, uncovering critical vulnerabilities in 20% of high-priority systems last year. Jorge Monteiro, ETHIACK’s CEO said:
The documents should not have been public, and we deeply regret this oversight.
“This funding will allow us to launch the next generation of our Hackbots, revolutionizing the way businesses protect their digital assets,” said These AI-driven bots simulate ethical hackers, operating 24/7 to identify threats, assess attack surfaces, and help organizations meet strict cybersecurity standards.
Investors see ETHIACK as a game-changer. Paulo Marques, a backer said:
The use of AI for ethical hacking is a disruptive force in cybersecurity. ETHIACK’s innovative approach is well-positioned to dominate the industry globally.
ETHIACK plans to expand its market presence to the UK, Europe, the US, and the Middle East, leveraging its recognition as WebSummit’s Most Promising Startup and Google’s AI for Cybersecurity Growth Academy honoree.
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