Ukrainian-founded security startup Talsec secures a €1M investment round

The Brno-based security startup Talsec has informed AIN about its €1 million investment round which was led by Dig Ventures and DEPO Ventures. The funding will accelerate Talsec’s expansion into the global market and support further development.

• Founded by the Ukrainian entrepreneur Sergiy Yakymchuk and originating from the Brno-based technology company Monet+, Talsec employs multi-layered protection to safeguard applications and APIs from threats like reverse engineering, app cloning, device rooting, and other types of attacks through application and device integrity checks.
• The solution also monitors the application’s runtime environment in real-time, providing risk assessments, auditing, and data analysis. Talsec’s malware detection is based on machine learning technology.

• Initially developed for the financial sector, now, Talsec offers several packages as annual subscriptions. The company presents itself as “App Safety as a Service,” including a suite of developer tools (SDK), application and API protection, penetration testing, monitoring services, and a user security set.
• Talsec provides protection for mobile applications across various development platforms, such as Android, iOS, and cross-platform frameworks such as React, Cordova, or Google’s Flutter platform. Among its clients are Generali and VIG, BrasilCard, and the Czech Ministry of the Interior.

We decided to enter the market with a product that offers protection for mobile-first businesses, with an initial focus on fintechs. We want Talsec, with its freemium toolkit, to become standard for developers needing to ensure the security of their applications and their users. This year, we are on track to multiply our audience and revenue and significantly expand awareness of our products within the developer community,

Sergiy Yakymchuk, founder and CEO of Talsec, stated.

• The investment was co-led by Dig Ventures, a London-based VC firm investing in pre-seed and seed-stage B2B SaaS and fintech companies in Europe and the U.S, and DEPO Ventures, a Prague-based VC firm, which recently, together with Tensor Ventures, announced their exit from Neuronix AI Labs, a US-Israeli chip startup.

With the fresh funding Talsec aims to accelerate its penetration into the global market and support further development.