Hovedstaden-based Uniqkey, an organization that provides password and entry administration resolution, has raised €5.35M in funding to develop its cybersecurity resolution throughout Europe, serving to corporations grow to be extra resilient to cyber-attacks and information theft.
In response to an announcement from Uniqkey, rising geopolitical tensions and a long time of underinvestment in digital infrastructure have left Europe depending on overseas know-how, threatening its digital sovereignty. Uniqkey goals to bolster Europe’s digital independence.
Buyers supporting Uniqkey
The spherical was led by Swedish VC BackingMinds, with contributions from business veterans together with Jesper Zerlang (former CEO of Logpoint), Lars Ankjer, Otto Krabbe, Rolf Bladt, and several other notable angels and key staff.
Susanne Najafi, Founding Associate at BackingMinds, says, “At BackingMinds, we put money into what we name blind spots – missed areas with nice potential. With lower than 1 per cent of all founders in Cyber safety being immigrants and with solely 2 per cent of all Cyber safety startups coming from the Nordics, Uniqkey stands out as a hidden gem.”
Sara Wimmercranz, Founding Associate at BackingMinds, provides, “After monitoring 500+ cybersecurity startups throughout Europe, it was clear that Uniqkey stood out. We now have been impressed by Hakan, the corporate’s administration staff, their technical experience and are very completely happy to assist them of their mission to guard Europe from the rising cyber menace.”
Aiming to grow to be the go-to safety resolution
Corporations usually underestimate the specter of cyber-attacks, which might devastate their operations, particularly as digital footprints develop with distant work.
Uniqkey’s military-grade cybersecurity resolution addresses this by providing encrypted password safety on to staff, considerably enhancing safety.
By requiring a cell app for system logins—much like nationwide ID apps used for banking—Uniqkey ensures high-level encryption and eliminates the necessity for customers to recollect passwords, mitigating the chance of information theft and cyber-attacks.
Hakan Yagci, CEO and founding father of Uniqkey, says, “At the moment, everyone’s bought a cell phone. Cellphones have grow to be an important means we entry our on a regular basis life on-line. That’s precisely why we’ve made the cell phone central to Uniqkey’s safety resolution, and an enormous a part of why we’re seeing nice demand for our resolution.”
“In the identical trend, as cell apps have modified the way in which we ship cash immediately or entry our financial institution accounts, Uniqkey will change the way in which we entry techniques internally inside the firm – simple, quick and safe.”
Uniqkey goals to evolve past password safety to grow to be a whole digital safety guard for workers, specializing in training and enhancing cyber consciousness throughout organisations.
The corporate appears to bolster the safety of European residents and corporations towards cyberattacks.
Capital utilisation
Hakan Yagci, CEO and founding father of Uniqkey, says, “At the moment we defend 500+ SMEs throughout Europe and we’ve seen nice demand for our cyber safety resolution, having grown 100 per cent YoY over the previous two years.”
“We will actually really feel the pull out there and wish to maintain investing in progress and product. With the funding, we put money into continued progress and sustain with the most recent security requirements.”
Simon Cederstråhle Hellstrøm-Melander, CMO of Uniqkey, provides, “This new funding will assist speed up the way in which we scale our know-how to 1000’s of corporations throughout Europe within the coming years. Defending SMEs is on the coronary heart of what we do and hopefully, we will play an necessary half in Europe’s rising cyber panorama.”
Temporary about Uniqkey
Based by Danish entrepreneur Hakan Yagci, Uniqkey emerged from the necessity to stability cybersecurity with usability. Initially developed to safe his earlier firm, Uniqkey has developed into an answer addressing main safety challenges.
The corporate now supplies a password and entry administration system, delivering military-grade safety with comfort for IT and staff alike.
Yagci launched the corporate after encountering challenges with cybersecurity options in his prior function. Following his departure from OrderYoyo, which was IPO’d in 2021, Yagci based Uniqkey, constructed a staff, and grew the corporate to 50 staff.
