Swiss cybersecurity startup Saporo raises USD 2.7 million in pre-seed round

Switzerland-based Saporo, a cybersecurity startup that reduces user and system access risks and helps clients improve their cyber security defences, raised USD 2.7 million on 27th January 2022.

Investors: The investment round was co-led by Session VC and Lightbird Ventures. The investors have an active portfolio of major European companies in Fintech/Insurtech, Proptech, Cybersecurity & Data Analytics, and B2B SaaS.

Purpose of funding: Using the funding, the startup expects to grow its team to 12 by 2022, with a particular focus on data science, security research, and engineering development. A large portion of funding is also allocated to product development, expanding into new markets, and growing the customer base. Moreover, health care, banking, and insurance firms are already working with the startup.

About Saporo

Founded in 2021 by Guillaume Eyries, and Olivier Eyries, Saporo is located in Lausanne, Switzerland. Saporo is a cybersecurity startup that reduces user and system access risks and helps clients improve their cyber security defences. The startup’s goal is to make cyber security available to all organizations. The product runs millions of threats against an organization’s attack surface, using machine learning and graph theory. Ensure that attacks are continuously updated to thwart constant evolution. In addition, it can help companies safely migrate to the cloud and currently supports Microsoft AD and Azure, with AWS, GCP, Okta and IaaS also may be joined by the end of 2022.

Furthermore, the startup can measure how much effort would be required for attackers to compromise resources. This method allows organizations to identify and prioritize paths that attackers could take in various attacks like ransomware.

What the founder has to say

“Saporo does the heavy lifting so any business can rapidly improve its security,” said Olivier Eyries, Co-Founder and CEO at Saporo.

“At the moment, defenders are losing the race against cyber attackers. Current methods for testing weaknesses in infrastructure are slow, labour-intensive, and take up too many resources. That’s where Saporo comes in.”

What the investor has to say

“We’re already seeing a considerable impact being made on the businesses using Saporo’s solution – with some customers seeing an 80 percent improvement in one single day! With Saporo, all organizations can get ahead of any future cyber problem and be better equipped against attacks. We’re excited to back the team and see the company grow in 2022 and beyond,” said Benjamin Solenthaler, Managing Partner at Lightbird.

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