Today: January 16, 2019, 8:41 am

HoxHunt announces €2.5 million Series A round led by Dawn Capital 2018-10-16 10:13:21
HELSINKI and LONDON / ACCESSWIRE / October 16, 2018 / HoxHunt, a leading Finland based company providing the gamified SaaS solution to creating a human shield against enterprise cyber security attacks, announced today it raised €2.5 million in its Series A round. London-based Dawn Capital, Europe's largest B2B venture capital fund, led the round with participation from existing investors Icebreaker and Risto Siilasmaa, Chairman of Nokia and Founder of F-Secure.The funding will be used to accelerate HoxHunt's growth including scaling operations, expanding its service offering, and ultimately protecting more enterprises worldwide against social engineering attacks.By making security enjoyable, HoxHunt users proactively detect and respond to firewall breaches in real-time. Through continuous training and prevention, employees have reduced the time that malicious attackers spend on IT infrastructure from 200 days down to 28 seconds.HoxHunt is trusted by Fortune 500 companies like IKEA and Kone across 75 countries to ensure security awareness and affinity for digital defense is top of mind for all employees."By making security fun and engaging, employees become the force that defeats cyberattacks. Our 'Employees First' approach to threat-hunting results in rapid response and remediation. HoxHunt integrates seamlessly into an employee's work environment and gets them excited to compete with their peers. CISOs use HoxHunt to unlock valuable resources previously spent managing platforms that fail to change human behaviour," says Mika Aalto, CEO and Co-Founder. "Our partnership with Dawn Capital will provide significant expertise for penetrating the European market before we scale internationally to better serve our current and future customers.""There is no one silver bullet for cybersecurity protection. Our experience with Mimecast has reinforced the importance of layering defense to prevent, detect, and respond in a complex and fast changing digital environment," said Joyce Liu, Principal at Dawn Capital. "Most Enterprises today regard their employees as their most vulnerable layer. HoxHunt mobilizes an army of 'eyes and ears' to be the organization's most powerful ally. We are excited to partner with HoxHunt to capture more value and scale its success to the next level."About HoxHunt:HoxHunt, a Finland based cybersecurity company, was founded in 2016 with the mission to turn employees from an organization's weakest link into their greatest asset. Technical measures alone are not sufficient to protect against cyber-attacks as 9 out of 10 security breaches today initiate from a simple human mistake. HoxHunt's solution transforms employees from passive, high probability attack targets into an active and engaged human defense layer. The solution engages users with individualized training in competition with their peers and rewards real-time reporting and protection against cyberattacks. By employees staying alert at critical moments, HoxHunt is positively impacting cybersecurity culture in companies worldwide.About Dawn Capital:Dawn Capital is a leading early stage VC firm run by entrepreneurs that invests in B2B scale ups across Europe. It supports Enterprise Software and FinTech companies founded by exceptional teams that develop world-leading technology to improve business value chains and productivity. Dawn Capital works closely with startups that seek operational support and capital as they expand internationally. Dawn Capital invested early in and successfully exited Mimecast (NASDAQ: MIME), a cybersecurity company founded in 2003 that is currently valued at $2 billion. Other portfolio companies include iZettle (recently sold to PayPal for $2.2 billion), Collibra, Gelato, Showpad, Templafy, Automile, and Bitmovin.HOXHUNT PRESS KIT DOWNLOADABLE HERE MEDIA CONTACT: Mika Aalto | +45 31 26 75 14 | mika.aalto@hoxhunt.comSOURCE: HoxHunt
Press Information

Published by
Fred Gautreau

# 558 Words
Related Articles
More From The Author
Belmont Announces Expanded Drill Program at Kibby [..]
VANCOUVER, BC / ACCESSWIRE / October 16, 2018 / Belmont Resources Inc. ("Belmont" or the "Company") (TSX.V:BEA; [..]
Canadian Overseas Petroleum Ltd: Update on Disagreement
Update on Disagreement between ShoreCan and Essar Mauritius CALGARY, CANADA / ACCESSWIRE / October 16, 2018 /Canadian Overseas Petroleum [..]
Mymetics Starts Research Collaboration Project in Cancer [..]
EPALINGES, SWITZERLAND / ACCESSWIRE / October 16, 2018 / Mymetics Corporation (OTCQB: MYMX), a pioneer and leader in the research [..]
Pharnext Announces Positive Topline Results from Pivotal [..]
- Higher dose met primary endpoint, the Overall Neuropathy Limitation Scale (ONLS), with statistical significance (p = 0.008) - [..]
Conzzeta: Continued Double-Digit Growth In All Segments
- Interim information as of the end of Q3 2018 - Continued double-digit growth in all segments ZURICH / ACCESSWIRE [..]
More From Business
ADC Therapeutics Announces First Patient Dosed in [..]
Pyrrolobenzodiazepine-based antibody drug conjugate targets AXL, a receptor tyrosine kinase highly expressed in solid tumorsLAUSANNE, Switzerland, [..]
Prosafe SE: Operational update Q4 2018
The fleet utilisation rate in the fourth quarter of 2018 was 63 per cent (Q4 2017: 36.1 per cent), up [..]
Hubbell Incorporated To Announce Fourth Quarter 2018 [..]
Shelton, CT, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) today announced it will release its fourth quarter [..]
FRO - Correction - Increase in Ownership [..]
Frontline Ltd. (the "Company" or "Frontline") (NYSE:FRO) today announced that its ownership interest in [..]
FRO - Increase in Ownership Interest in [..]
Frontline Ltd. (the "Company" or "Frontline") (NYSE:FRO) today announced that its ownership interest in [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.