ESProfiler, a startup which aims to boost cybersecurity efficiency, has raised £2.8 million in a seed round of funding.
Founded in Manchester, ESProfiler’s mission is to tackle widespread inefficiencies in enterprise cybersecurity investments.
Co-developed with some of the UK’s leading financial institutions, the platform combines financial and commercial insights with a threat model, quantifying what security investments do against the evolving ways adversaries attack organisations.
The aim is to empower CISOs to focus on the most pertinent threats and continuously optimise their investments for maximised security returns.
The funding round was led by Nauta Capital and will fuel ESProfiler’s commercial growth, enhance product development and add capabilities to its platform.
“Partnering with Nauta Capital marks a significant step in our journey towards offering continuous security investment validation to enterprises,” said Louis Holt, CEO and co-founder.
“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, added: “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 optimised to help teams do more with what they have.
“For the first time, companies can rationalise 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 has benefited from the UK National Cyber Security Centre’s NCSC For Startups program in collaboration with Plexal.
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