The security company, founded in 2020, aims to drive growth with a multi-million euro investment.
JP Morgan Growth Equity Partners led the investment round. For Eye Security, raising 36 million euros also means significantly surpassing the previous investment round of 17 million euros by the end of 2022. The money then came primarily from Bessemer Venture Partners.
With the new millions, Eye Security hopes to support the expected growth, the company indicates to the FD. CEO Job Kuijpers is counting on doubling sales this year as well as next year. It is not known how much revenue Eye Security is currently generating. Partly, the new European rules of the NIS2 may contribute to Eye Security’s growth.
According to Kuijpers, the 36 million euros raised even more money than planned.
European role
Eye Security provides cybersecurity services to companies. Organizations can purchase Managed Extended Detection and Response through a subscription. If a company is a cyberattack victim, Eye Security can also provide support in responding to the incident. Finally, Eye Security offers cyber insurance, which it can use to limit the cost of an attack on a business.
Meanwhile, Eye Security has been helping companies achieve cyber security for four years. The Hague-based company was founded by former AIVD employees Job Kuijpers, Vincent van de Ven and Piet Kerkhofs. It employs 120 people across multiple offices in Europe. This quarter, for example, Eye Security recorded more revenue in Germany than in the Netherlands for the first time.
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