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 breaches in small and medium-sized enterprises.

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

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

Dominik Weiss, Founder Cyber Insight

The main goal of the application is to make cyber risks and regulatory compliance measurable. It is intended to enable management and functional managers to deal with and implement these issues appropriately. To do so, they can draw on automated security assessments and suggestions for concrete measures from the software.

The founders Dominik Weis and Fabian Bauhammer are currently supported 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 the company's own IT infrastructure. Cyber Insight addresses exactly this

Sören Schuster, JRC Managing Director

About TGFS

The Saxon Start-up Fund, also known as TGFS Technologiegründerfonds Sachsen, is a key 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 focus of the fund is on technology-oriented founders and companies that operate in the ICT, semiconductor and microsystems technology, medical technology, life science, environmental and energy technology and new media sectors and have their headquarters or operating facilities in Saxony. The TGFS provides these companies with equity capital in the seed and start-up phase to help them establish and scale up. The fund thus plays an important role in promoting innovation and entrepreneurship in Saxony. In 2023, TGFS started its third generation of funds, 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 the field of 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 field of IT security and the General Data Protection Regulation (GDPR). In this context, the offering is aimed in particular at law firms, IT service providers, management consultants and insurance companies, as well as their customers. The company was founded in September 2022 and is based in Leipzig. With an innovative approach, Cyber Insight contributes to strengthening IT security and protecting companies and their customers.