Hungarian security startup BitNinja raises $2.5 million
BitNinja, an integrated server defense system, has raised $2.5 million in Series A round. The round was led by Lead Ventures – a Budapest-based venture capital firm with participation from iEurope, Oxo Technologies Holding, and previous investors Octogon Ventures and the founders of Balabit. BitNinja has raised a total of $3.7 million in funding over 5 rounds, Crunchbase reports.
Founded in 2014 by CEO George Egri and Head of Marketing Viktoria Vereb, BitNinja is an easy-to-use server security tool that can be installed on a server in minutes and it is virtually maintenance-free. The company uses the technology called a defense network, which allows every BitNinja protected server to learn during the attack and share the learned information with the central server. The company is aimed to make the internet a safer place.
With the raised funds, BitNinja will improve its new products and bring them to the market. In addition, they want to expand their team and get international fundraising.
George Egri, CEO and co-founder of BitNinja, said:
“We would like a USA based lead investor in the Series B round, which we plan to reach in the next 1 or 2 years.”