Multi-million investment for cyber security Ki software goes to Cyber Insight

Leipzig-based Cyber Insight GmbH has received a seven-figure investment from Technologiegründerfonds Sachsen (TGFS) to further develop its AI-based IT risk analysis of cyber attacks and data protection breaches in small and medium-sized companies.

Cyber Insight's software helps IT service providers, management consultancies, law firms and insurance companies to increase their clients' compliance and reduce the risk of a cyber attack. It is based on a multifactorial risk model that takes individual vulnerabilities and external factors such as current trends or changes in legislation into account and automatically integrates them into the assessment schemes.

From the very first meeting with TGFS, we realized that we were pursuing the same vision. Accordingly, the transaction was completed quickly and without complications.

Dominik Weiss, Founder Cyber Insight

The main aim of the application is to make cyber risks and regulatory compliance measurable. The aim is to enable management and specialist managers to deal with and implement these issues appropriately. They can access automated security assessments and suggestions for specific measures from the software.

The founders Dominik Weis and Fabian Bauhammer are currently supported in the team by three AI developers. The investment will be used to expand the development team and bring the software to market maturity together with the first pilot customers. To this end, Cyber Insight wants to further develop and validate the current risk models.

We see a great need for comprehensive analytical and evidence-based information on the vulnerability of a company's IT infrastructure. Cyber Insight addresses exactly this

Sören Schuster, Managing Director of GFS

About TGFS

The Saxon start-up fund, also known as TGFS Technologiegründerfonds Sachsen, is an important player in the Saxon start-up scene. The fund was founded in 2008 by Saxon financial institutions and the Free State of Saxony and has since supported over 100 start-ups. The fund focuses on technology-oriented founders and companies that are active in the ITC, semiconductor and microsystems technology, medical technology, life science, environmental and energy technology and new media sectors and have their headquarters or business premises in Saxony. The TGFS provides these companies with equity capital in the seed and start-up phase in order to support them in founding and scaling up. The fund therefore plays an important role in promoting innovation and entrepreneurship in Saxony. In 2023, the TGFS started its third fund generation, which shows that it is an established and successful fund in the Saxon start-up scene. Cyber Insight is one of the first deals in this third fund edition.

About Cyber Insight

Cyber Insight specializes in IT security and data protection and offers an innovative SaaS solution that enables companies and their partners to identify, manage and minimize risks in the area of IT security and the General Data Protection Regulation (GDPR). The offering is aimed in particular at law firms, IT service providers, management consultants and insurance companies and their customers. The company was founded in September 2022 and is based in Leipzig. With its innovative approach, Cyber Insight helps to strengthen IT security and protect companies and their customers.