CyLock closes a 500,000 euros funding round, with Scientifica Venture Capital as the Lead Investor

Scientifica Venture Capital leads a €500,000 funding round in favor of CyLock, an innovative start-up in the cybersecurity field, which already won the Super Sapiens Day Factory call in 2023 and the Boost Your Ideas program by Lazio Innova.

Joining them in the round are CDP Venture Capital and Startup Wise Guys through the Cyber Xcelerator accelerator, as well as Exor Ventures. This investment adds to the €320,000 already raised by CyLock through the Cyber Xcelerator – part of the National Network of CDP Venture Capital – Zest, Innova Venture – the venture capital fund financed by the Lazio Region – and Business Angels.

CyLock is the 14th start-up to join the portfolio of Scientifica Venture Capital, the third in just 2 months

The CyLock team has designed and developed the EVA software, which enables both specialized and non-specialized personnel in cybersecurity to test IT systems. EVA is the first extended vulnerability assessment, as it goes beyond the traditional testing concept with solutions aimed at closing access to hacker attacks. This aspect is particularly relevant in a context where the shortage of cybersecurity experts makes organizations vulnerable to hacker attacks, causing estimated damages of around $6 trillion per year.

Traditionally, preventing cyber attacks requires the intervention of security professionals (ethical hackers) who use complex dashboards to configure test parameters and manage related vulnerabilities and risks. CyLock’s technology, on the other hand – provided as a SaaS – self-configures and simulates thousands of attacks quickly and accurately, without requiring configuration skills.

Compared to competitors in the market, this software can be used by anyone. It surpasses the limitations of traditional vulnerability assessments by intelligently removing false positives, which are commonly reported by other tools, and generates intelligible, ready-to-use reports. In this way, EVA ensures high effectiveness and also reduces the average time required for traditional pentesting activities by over 80%.

Users can access the tests with a single click and receive the results classified by risk level, organized according to international standards and compliant with frameworks such as ISO 27001 and the NIS2 and GDPR regulations. Additionally, it is possible to export the results directly in PDF format to easily share them with experts and auditors, and benefit from an exclusive procedure that guides them step-by-step in addressing the identified vulnerabilities.

“We don’t want to provide another dashboard for security specialists; we’ve radically changed the perspective, shifting from a vulnerability management dashboard to a tool that delivers concrete solutions to stop hacker attacks,” said Diego Padovan, CEO of CyLock.

“We are excited to have invested in CyLock, a start-up that aims to redesign cybersecurity by introducing an automated tool ready to be applied in any context and suitable for everyone,” stated Riccardo D’Alessandri, Managing Partner at Scientifica Venture Capital.

“This additional investment in CyLock demonstrates how, through the programs of the National Network of Accelerators by CDP Venture Capital, we aim to support the growth of start-ups specializing in various market sectors,” says Stefano Molino, Senior Partner and Head of the Accelerator Fund at CDP Venture Capital. “CyLock has developed a tangible technology that provides a cybersecurity solution accessible even to non-specialized personnel, broadening the scope of protection against digital threats and safeguarding the IT infrastructures of organizations”