Munich-based Drivelock has successfully completed a capital increase of €3 million. The investment round was led by majority investor Nordwind Capital, with participation from existing internal and new external shareholders.
Drivelock offers cybersecurity software solutions for companies, governments, and organizations. According to the company, three million endpoints at over 3,000 customers are protected by its technology. The company, headquartered in Munich, has offices in San Francisco, Sydney, and Singapore.
Drivelock uses machine learning and AI for cybersecurity
The Munich-based company uses machine learning and Application whitelisting based on artificial intelligence (AI). According to its own statements, it is one of the first companies to use these technologies in cybersecurity.
According to the Munich-based company, its cybersecurity software has been able to prevent the execution of so-called zero-day exploits, i.e., the exploitation of previously unknown security vulnerabilities, in all industries affected by recent attacks. The technology has been particularly successful in sectors with particularly stringent regulatory requirements, such as healthcare, financial services, utilities, and manufacturing, as well as in government, the military, and intelligence agencies.
Even before a little over a year The company was able to announce a capital increase — at that time amounting to 6 million euros.
