ESProfiler, the British cybersecurity start-up, announces a £2.8 million Seed round, led by Nauta Capital.
This milestone builds on the momentum from angel investments received in 2023.
Founded to tackle the inefficiencies in enterprise cybersecurity investments, ESProfiler is emerging as a key player in the industry.
The founding team, leveraging their first-hand experience, “identified critical gaps in how cybersecurity tools were being utilized.”
These tools often overlapped, “were underutilized, and misaligned with the actual methods of adversaries and continued a frustrating cycle of inefficient security tooling churn.”
This challenge is exacerbated by “a lack of standardization within the cyber market. Chief Information Security Officers (CISOs) are navigating a labyrinth of marketing jargon, struggling to quantify the effectiveness and relevance of their growing security portfolios.”
This struggle is set against “a backdrop of tightening budgets and escalating pressures from boards to justify cybersecurity expenditures.”
Enter ESProfiler, a platform co-developed with some of the UK’s financial institutions.
The platform is an amalgamation of financial and commercial insights with a threat model.
The platform quantifies what security investments do “against the evolving ways adversaries attack organizations.”
ESProfiler empowers CISOs to focus “on the most pertinent threats and continuously optimize their investments for maximized security returns.”
It offers a view of “an enterprise’s security capabilities, identifies gaps and efficacy, and provides the vital commercial and financial data needed for informed decision-making.”
The secured investment will fuel ESProfiler’s commercial growth, “enhance product development, and add substantial new capabilities to its platform.”
Louis Holt, CEO and Co-founder of ESProfiler, said:
“Partnering with Nauta Capital marks a significant step in our journey towards offering continuous security investment validation to enterprises. This funding is not just a financial boost but a validation of our vision at ESProfiler. It will accelerate our engineering efforts, expanding our platform’s capabilities and reach.”
Pratima Aiyagari, London-based Partner at Nauta, adds:
“ESProfiler has created a new way for CISOs to operate. It provides continuous analysis of security tools and their performance. With this intelligence, any company’s security can be optimized to help teams do more with what they have. For the first time, companies can rationalize their security budget based on hard data. In today’s economic environment, that’s a huge advantage – and one that positions security as a business driver and competitive advantage for the long term.”
ESProfiler, headquartered in Manchester, has also “benefited from the UK National Cyber Security Centre’s NCSC For Startups program in collaboration with Plexal.”