Cybersecurity is a sector historically oriented towards large companies, those capable of investing heavily in dedicated teams, monitoring centers and sophisticated detection tools. But the intensification of attacks targeting SMEs and the rise of managed services are reshaping priorities.
According to ENISA, 60% of European SMEs that have suffered a cyberattack close their doors within six months. At the same time, the evolution of threats is accelerating: automated phishing, ransomware-as-a-service, exploitation of poorly protected APIs. Faced with this complexity, the majority of small businesses remain devoid of the technical or human resources to protect themselves effectively.
It is in this context that new players like CybaVerse are emerging with an approach oriented towards SMEs and managed service providers (MSP). Founded in 2018 in London, the company develops CybaOps, a cybersecurity SaaS platform that combines detection, compliance, security and testing in a single environment. Its white label model allows MSP partners to offer the solution under their own name, while automating critical defense processes.
The cybersecurity market for SMEs is changing. Regulatory pressure, particularly that of NIS2 in Europe, is now pushing subcontractors to comply with the security standards of their principals. MSPs thus become pivotal players, capable of pooling the protection of hundreds of companies via centralized platforms. CybaVerse, which experienced 180% revenue growth in one year, embodies this trend.
The British startup intends to continue this dynamic by banking on artificial intelligence to strengthen the predictive capabilities and automated response of its platform.
With this raising of 5.9 million euros in Series A, co-led by Pembroke VCT and Airbridge Equity Partners, and the participation of Haatch, CybaVerse wishes to accelerate the development of CybaOps and strengthen its team. Founded in 2018 by Oliver Spence and Gemma Spence, the company has raised a total of €7.2 million since its inception.
