IriusRisk, an Espaitec-linked firm that has developed a platform to help developers foresee security lapses or gaps in the security of their codes, has obtained almost €6 million in a Series A funding round led by Paladin Capital Group, funds that centre on cybersecurity and technology firms. This firm also obtained an inversion from 360 Capital and has been backed by JME Ventures, Swanlaab Venture Factory or Sonae IM.

The IriusRisk headquarters remain in Huesca (Spain), and it has opened offices in the UK and the USA, and intends to continue to make progress with its internationalisation. To date, it has obtained $6.7 million dollars, which is more than €5.7 million at the current exchange rate. It is worth stressing that the company IriusRisk also appeared on last summer’s list of the 14 Spanish cybersecurity start-ups to bear in mind, which is drawn up by Business Insider España.

IriusRisk cofounders Stephen de Vries and Cristina Bentué stated that “we are excited about the idea of continuing to grow with the backing of leading firms in risk capital like Paladin, 360 Capital and other investors. Their support allows IriusRisk to keep expanding, while its customers, like Redhat or Axway, are offered solutions to accelerate tools being adopted to automatically detect threats».

This company extended its customer portfolio with 40 news companies from the USA, European Union and the UK, of which some are from the biggest financial, industrial or consumer groups on the Fortune 500 list. As a result of the new investment by Paladin Capital Group, its Vice-President, Conor O’Sullivan, will join the IriusRisk Administration Board.