Cybersecurity firm Siren secures €12m in funding for intelligence platform #
Irish cybersecurity firm Siren has raised €12m in funding from the European Investment Bank to further develop its intelligence platform for law enforcement and large corporations.
The platform provides investigators with an advanced search capability, intuitive data visualization and report creation functionality, while protecting against fraud and cyber threats. The new funding will be used to bolster the company’s product development and increase headcount at its R&D center in Galway by 50% over the next two years. Siren previously received $10m in a Series A funding round led by Atlantic Bridge in 2019. The latest funding round will help Siren continue to expand its platform’s capabilities and grow its customer base.
Background: Siren’s intelligence platform has been used by law enforcement agencies and large corporations to help them quickly detect and prevent fraud and cyber threats. The company’s mission is to provide customers with a state-of-the-art solution to combat cyber threats that are becoming increasingly sophisticated and prevalent. With the additional funding from the European Investment Bank, Siren will be able to accelerate the development of its platform and continue to innovate in the field of cybersecurity.