RedMimicry, a cybersecurity start-up specialising in realistic cyberattack simulations, has successfully closed a seed funding round aimed at scaling its technology and operations.
The company secured funding from High-Tech Gründerfonds (HTGF) as the lead investor, with additional backing from Capital Square, superangels from Munich, and several well-known business angels.
The exact amount remains undisclosed.
Founded in 2023 by Alexander Rausch and Stefan Steinberg, RedMimicry provides a platform that enables companies to emulate complex cyberattacks under realistic conditions. The platform addresses critical gaps left by selective or outdated testing methods, helping organisations comply with regulatory requirements like DORA and NIS-2.
The new funding will be directed towards further development of the product platform, with a focus on threat scenarios affecting critical infrastructure and financial service providers. Additionally, RedMimicry plans to expand its sales team and strengthen its partner network to reach a wider customer base.
The company’s technology is already in use by medium-sized and large enterprises, as well as managed security service providers and consulting firms.
RedMimicry CEO Alexander Rausch said: “Our vision is to enable companies to protect themselves independently and effectively against increasingly complex cyber-attacks. With the support of experienced investors, we can advance our technology significantly and expand our market position.”
HTGF principal Björn Sykora said: “Alex and Stefan combine technical excellence with entrepreneurial vision. With RedMimicry, they are addressing one of the greatest risks companies are currently facing: protection against cyber-attacks. They provide a European security solution that benefits both medium-sized and large companies.”
Capital Square co-founder Martin Ostermayer said: “We’re excited to back RedMimicry as they revolutionize how companies prepare for and defend against sophisticated cyberattacks. Their bold vision and outstanding team embody exactly the kind of ambition and expertise we look for in founders – and we’re confident they’ll set new standards in cybersecurity.”
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