Scientifica Venture Capital has led a €500,000 funding round in CyLock, an innovative cybersecurity startup and winner of the 2023 Super Sapiens Day Factory and the Boost Your Ideas program by Lazio Innova.
Joining the round are CDP Venture Capital and Startup Wise Guys, through their Cyber Xcelerator, as well as Exor Ventures. This funding adds to the €320,000 CyLock had previously secured through the Cyber Xcelerator, part of CDP Venture Capital’s National Accelerator Network, Zest, Innova Venture—a venture capital fund backed by the Lazio Region—and a network of business angels.
The Innovation Behind CyLock: EVA
CyLock’s team developed EVA, an Extended Vulnerability Assessment software designed to enable both cybersecurity experts and non-specialists to test IT systems. EVA transcends traditional vulnerability testing by directly addressing and eliminating access points for hacker attacks. This innovation is particularly timely as a global shortage of cybersecurity professionals has left organizations exposed to cyberattacks, which cause an estimated $6 trillion in damages annually.
Traditionally, preventing cyberattacks requires cybersecurity specialists (ethical hackers) to configure tests, manage vulnerabilities, and analyze risks via complex dashboards. CyLock’s SaaS solution, however, automates these processes, running thousands of simulated attacks with unparalleled speed and precision. Leveraging proprietary AI-based algorithms, it eliminates the need for manual configuration, results interpretation, maintenance, or hacking expertise.
A Competitive Edge in Cybersecurity
Unlike its competitors, CyLock’s technology is accessible to anyone, eliminating the complexity of traditional vulnerability assessments by using intelligent false-positive filtering, a frequent limitation of common tools. EVA also generates ready-to-use, actionable reports, ensuring high efficiency while reducing the average time required for pentesting by over 80%.
Users can initiate tests with a single click and receive risk-classified results aligned with international standards, such as ISO 27001, NIS2 regulations, and GDPR requirements. Reports are exportable in PDF format for seamless sharing with experts or auditors. Additionally, an exclusive guided procedure helps users systematically resolve identified vulnerabilities.
Revolutionizing Cybersecurity
“We don’t want to offer another dashboard for security specialists. Instead, we’ve fundamentally changed the perspective, moving from a vulnerability management interface to a tool that provides concrete solutions to stop hacker attacks,” said Diego Padovan, CEO of CyLock.
This disruptive approach positions CyLock as a game-changer in cybersecurity, making it accessible and effective for both IT professionals and organizations lacking specialized expertise.
Investor Confidence in CyLock’s Vision
“We are thrilled to invest in CyLock, a startup redefining cybersecurity with an automated tool that’s ready for deployment in any context and accessible to everyone,” said Riccardo D’Alessandri, Managing Partner at Scientifica Venture Capital.
Stefano Molino, Senior Partner and Head of the Accelerator Fund at CDP Venture Capital, added, “This latest investment in CyLock underscores our commitment to fostering the growth of startups across diverse market verticals through the programs of CDP Venture Capital’s National Accelerator Network. CyLock has developed a practical cybersecurity solution that extends protection against digital threats to non-specialists, safeguarding IT infrastructures across organizations.”