German company Secfix has raised $3.8 million in seed funding in an oversubscribed round led by Octopus Ventures.
CommerzBank subsidiary Neosfer attended, as well as some of Secfix’s existing investors and entrepreneurs, including founders Signavio and Blair.
The round comes just a year after the creation of the security compliance and automation platform.
Secfix helps small and medium-sized businesses comply with cybersecurity standards. Automate everything they need to create their IT security, meet the highest levels of compliance and get certified to the security standards they need to meet – ISO 27001, TISAX, GDPR and SOC 2.
“Small and medium-sized businesses face ever growing complexity in ensuring data security and meeting the rigorous standards needed to create customer confidence”,
said Fred Ellis, Investor, B2B software, Octopus Ventures.
“Few businesses have the expertise they need to meet and apply for those standards in-house, and the process can become a drain on time and money. By automating the building of certifiable information security processes and systems, Secfix is improving the quality of information security within SMBs while lowering the cost to the business. The Secfix platform will become infrastructure that small businesses can’t live without.”
The most important point in complying with cyber security requirements is the ISO 27001 certification, which is considered the international benchmark for information security. Founders Fabiola Mungia, Gregory Emelyanov and Branko Giacula found that SME clients struggled with achieving ISO 27001 during their previous management roles at requestee, a marketplace for ethical hackers.
“We’re excited for this new era of security compliance. With the new funding, our amazing team and our investors’ support, we will be able to focus on bringing more value to our customers and making sure we are building something they want. We’re all about making our customers happy and helping them achieve their security compliance goals”.
said Fabiola, CEO
Secfix’s software platform is designed to maintain automated ISO 27001 compliance checklists that are updated hourly using data from widely deployed IT platforms such as AWS and Microsoft Azure, the two largest cloud stacks, as well as Microsoft’s Jira, Office365 and HR management platform Personio.