Cleafy closes a 12 million round led by United Ventures and eCapital

Round da raised EUR 12 million for Cleafy, led by United Ventures and Germany's eCapital. The deal brought the total funding raised by the Milan-based cybersecurity company specialising in the banking sector to EUR 22 million. The start-up serves over 150 financial institutions in Europe and Latin America and protects more than 250 million end users; customers include Ing, Bcc Iccrea Group, Illimity Bank and Bps (Suisse).

"Cleafy represents the kind of European technology leadership we need to protect critical infrastructure. As fraud becomes more sophisticated, anticipating and stopping attacks before they materialise is no longer a competitive advantage, but a necessity. Cleafy's solid growth and outstanding customer loyalty prove that Cleafy has built something truly unique. We are proud to accompany the company in this new chapter,' observes Fabio Pirovano, partner at United Ventures.

"With this transaction, Cleafy consolidates its position in the industry as a platform capable of reconstructing and stopping the entire chain of a fraudulent cyber-attack days in advance of when the damage occurs. The new capital will be deployed to accelerate the development of the predictive platform, enhance threat analysis on a global scale, and drive expansion into key banking markets in Europe and Latin America," reads the company's statement.

"Cleafy has a clear technical differentiation: it takes cross-channel telemetry and threat analysis and turns them into a clear picture of who is attacking, how and with what tools. The solution is also designed to work in concrete terms in complex banking environments, not just in theory. We are happy to join Cleafy in making this technology a cornerstone of critical financial infrastructure protection,' says Lucas Merle, partner at eCapital.

Cleafy works by reconstructing how attacks are born, evolve and spread across digital channels and internal systems. By combining web, mobile, backend and network telemetry with real-time global threat analysis, the platform is able to detect hostile infrastructures, attackers' intentions and their patterns in time - transforming prevention from exception to rule. With the launch of Cleafy for Workforce, the approach now also extends to the detection of insider threats and compromised accounts within corporate systems.