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Cybersecurity Assessment Firm Outpost24 Raises €19 Million

Cybersecurity assessment solutions provider Outpost24 on Monday announced that it has raised SEK 200 million (roughly €19 million / $23 million).

The new funding round was led by Scandinavian asset manager Swedbank Robur and equity investment firm Alcur Fonder.

Founded in 2001 and owned Nordic software investor Monterro, Karlskrona, Sweden-based Outpost24 helps businesses identify and address vulnerabilities in their networks.

Using Outpost24’s security assessment tools, businesses can assess applications, devices, networks, and cloud environments and ensure compliance with internal or external regulations.

Using the new funds, the cyber assessment provider plans to accelerate portfolio expansion to customers worldwide. The company already has more than 2,000 customers in 40 countries, serving a variety of verticals, including government, financial and insurance, healthcare, manufacturing, retail, telecoms, and technology.

“As malware and phishing attacks continue to make their way through corporate defense, there’s a real need for companies to level up cyber hygiene through continuous assessment and unified security insights,” Martin Henricson, CEO of Outpost24, commented.

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