CODA Intelligence start-up gets 0.8 million EUR for CODA Footprint platform designed for SMEs

CODA Intelligence, a technology startup providing solutions in the cyber security area, gets 800,000 Euro worth financing in the most recent round of accessed financing, attended by Early Game Ventures, ROCA X and angel investor Marius Alexe.

The new investment raises the investment available for this stage of development of the startup to about 1 million Euro. The entire amount is intended to expand the CODA Footprint product in the United States market, a cyber security platform dedicated to SMEs, and its licensing in the United States market.

Using Machine Learning and Big Data technologies, the CODA Footprint product analyzes the user company’s IT system and creates a dynamic security footprint, which takes into account the electronic information flows that circulate in the system every day. At this moment, CODA Intelligence operates in its two headquarters in Bucharest and Boston, USA, respectively. In order to access the US market, the startup has an ongoing BETA program with a suite of partners type MSP (Managed Service Providers) with which it tests the implementation of the developed technology, the development of which required four years of sustained efforts by the team. The idea to launch the startup started during the Innovation Labs Hackathon in 2015, where the CODA Intelligence team proposed a continuous solution for the analysis and management of cyber vulnerabilities.