Axoflow, a cybersecurity startup focused on improving the quality and accessibility of security data, has secured $7m in a seed funding round.
The round was led by EBRD Venture Capital, with continued support from existing investors Credo Ventures and e2vc, who have increased their stakes in the company.
Axoflow specialises in providing enterprises with an automated security data curation pipeline that enhances data quality while significantly reducing costs. The company’s platform eliminates the need for manual, code-heavy data management by automating the discovery, classification, parsing, and enrichment of security data. This solution aims to enhance threat detection, response capabilities, AI integration, and compliance efforts.
The newly secured funding will be used to advance the development of Axoflow’s security data pipeline, further improving its capabilities and expanding market presence.
Balázs Scheidler, CEO of Axoflow, said, “I’ve spent decades in cybersecurity, and seen firsthand how poor data quality undermines even the most advanced security initiatives.
“Axoflow Platform productizes our know-how into a pipeline that automatically discovers, classifies, parses, normalizes, and enriches security data—and also reduces its volume by more than 50%, leading to significant cost-savings.”
Yalcin Gungoren at EBRD Venture Capital added, “Enterprises are facing increasingly sophisticated cyberthreats and grappling with rapid growth in security data as their environments become more complex.
“Axoflow provides the intelligence layer that empowers cybersecurity professionals with greater control and visibility over their environments. The Axoflow Platform not only modernizes the security data layer and reduces costs but also strengthens the overall security posture. We feel privileged to join Axoflow’s deeply technical and seasoned team on this exciting journey.”
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