Dutch cybersecurity startup Eye Security B.V. has raised €36 million ($39.34 million) in new funding to strengthen its presence in European markets such as Belgium, Germany and the Netherlands and to expand to other countries in Europe this year.

Founded in 2020 by former Dutch Intelligence and Security Services experts, Eye Security offers enterprise-level cyber protection, incident response and cyber insurance to midsized businesses. The company’s platform, pitched as offering “high-end protection in one simple package,” offers 24/7 monitoring, swift attack response and accessible insurance.

Edge Security says its solutions can be integrated with existing infrastructure to identify weaknesses and deliver actionable insights, and provide fast, human-backed incident response capabilities. The company also helps businesses comply with European Union regulations, such as the recent requirement for companies to deliver stringent cybersecurity breach reporting timelines.

Key features included an average of two hours to integrate, access to a 24/7 security team, a four-minute average response time and no email instructions or call centers, as the company says it instead provides expert human intervention. On the insurance side, Eye Security says, it requires 80% fewer questions when applying, providing quotes within days and not weeks through a comprehensive broker network.

The company claims hundreds of customers across the automotive, financial services, healthcare, information technology and manufacturing sectors.

“In today’s landscape, where cyberthreats are ever-present, businesses frequently struggle to find reliable cyber insurance,” Chief Executive Job Kuijpers (pictured, center), a former director of the National Communications Security Agency for the Dutch intelligence service, said in a statement. “Eye Security tackles this challenge directly. We’ve developed a scalable platform that not only strengthens a business’s defenses against cyber threats but also quickly delivers insurance coverage. Our comprehensive approach means our customers are fully protected against cyber risk.”

J.P. Morgan Growth Equity Partners LLC led the Series B round, with existing investors Bessemer Venture Partners LP and TIN Capital LLC also participating. Including the new funding, the company has raised $62 million to date.

Photo: Eye Security