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1.62 MILLION EUROS IN GROWTH FINANCING FOR CYBERTRAP

By 20.04.2021News
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Since its founding in 2015, CYBERTRAP has become the market leader in deception technology in the D-A-CH region and continues to drive its growth strategy with the increased expansion of distribution partnerships. Now, investors with industry expertise have been acquired who are believing in the great potential of the technology developed by CYBERTRAP as a segment of the growth industry cybersecurity.

The investors Clemens Foisner, Jürgen Kraupa and Adi Reschenhofer have themselves successfully developed companies in the cybersecurity sector and, in addition to the financing of 1.62 million euros, are also contributing their industry expertise to the company. Reschenhofer supports CYBERTRAP operationally in sales, while Foisner and Kraupa contribute their experience and contacts in business development.

CYBERTRAP already has an established partner network in the D-A-CH region and is currently expanding its position in Europe, starting in Spain, Italy and the Benelux countries. Sales partnerships in additional markets will follow.

When it was founded six years ago, the innovative software was developed to market maturity with financial support from NÖ Bürgschaften und Beteiligungen GmbH, Österreichische Forschungsförderungsgesellschaft mbH and AWS – Austria Wirtschaftsservice, among others. The further growth financing now enables CYBERTRAP to continue this expansion strategy.

Franz Weber, CEO of CYBERTRAP Software GmbH, is pleased about the support and trust of the experienced experts in cybersecurity:

“It makes us proud that such proven industry professionals believe in our product. In addition to expansion, this growth financing also allows us to devote more resources to our development work and thus create a good basis for sustainable growth in all areas.”

What is CYBERTRAP?

CYBERTRAP is an Austrian company providing cybersecurity software, which is specialized in active defense and deception. Using Deception Technology, attackers are redirected into a specially created IT infrastructure before they can move further into the actual infrastructure of the company and cause damage.

About the author

Franz Weber Bio 02 01

Recommended reading: What is Deception Technology?

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