SoCyber raises €1M to automate cybersecurity with machine learning

SoCyber is raising €1M to advance automated cybersecurity solutions via SeedBlink, targeting private investors.

  • The Late Seed round is led by Vitosha Venture Partners.
  • Individuals can participate with as little as €2,500.
  • SoCyber is providing cutting-edge security solutions tailored to the needs of the Critical Infrastructure, Healthcare, FinTech, Banking, and eCommerce sectors.
  • Use of funds: implementing machine learning technology into Kikimora’s software, bolstering its performance and solidifying its position as an industry leader.

Sofia, June 6: SoCyber, a leading Bulgarian startup specializing in Security Testing and Security-as-a-Service, is currently raising a €1 million in a Late Seed funding round. The investment is facilitated through SeedBlink, the renowned co-investment platform for European technology startups. Individuals can participate with as little as €2,500 until June 26, SeedBlink enabling investors to safely co-invest across borders in a thoroughly curated list of tech startups with a European DNA, together with a strong network of venture capital partners.

With cyberattacks occurring every 14 seconds and posing a significant threat to businesses worldwide, the need for robust cybersecurity measures has become paramount. SoCyber, founded in 2018, addresses this challenge by providing cutting-edge security solutions tailored to the needs of the Critical Infrastructure, Healthcare, FinTech, Banking, and eCommerce sectors.

At the forefront of SoCyber’s offerings is Kikimora, a groundbreaking software powered by machine learning. Kikimora automates vulnerability data analysis, enabling companies to identify and address security gaps promptly. By centralizing security monitoring and analysis, Kikimora empowers organizations to proactively prevent security incidents and safeguard sensitive data.

Key Highlights of SoCyber

  • Impressive Traction: SoCyber achieved €640,000 in revenue in FY2022 and successfully completed over 200 projects across the United States, Europe, and the United Kingdom.
  • Advanced Technology: SoCyber leverages automatic machine learning analysis to comprehensively assess vulnerabilities and provide actionable insights to enhance cybersecurity defenses.
  • Lucrative Business Model: SoCyber primarily caters to B2B clients, focusing on companies with over 500 employees. Its monthly subscription plans range from $199 to $1,960, delivering cost-effective and scalable solutions. By utilizing Kikimora, enterprises can potentially save up to $10,000 per month in labor costs and millions of dollars from prevented breaches.
  • Expert Founding Team: SoCyber’s founding team comprises cybersecurity experts with extensive experience in security testing, scaling companies, and audit, ensuring the highest level of expertise and innovation.
  • Expansive Market Potential: The security and vulnerability market’s Serviceable Available Market (SAM) is estimated to be worth $23 billion, indicating substantial growth opportunities for SoCyber.

The Late Seed funding round is led by Vitosha Venture Partners, a prominent Bulgarian venture capital firm specializing in early-stage and growth-stage companies. Vitosha Venture Partners boasts an extensive portfolio of over 60 investments and plays a pivotal role in Bulgaria’s thriving startup ecosystem.

SoCyber’s CEO & Founder, Krasimir Kotsev, expressed excitement about the funding and stated, “This financing round marks a significant milestone for SoCyber as we continue to revolutionize the cybersecurity landscape. With the support of Vitosha Venture Partners and SeedBlink, we are well-positioned to accelerate the development of our machine-learning-driven solutions, ensuring that businesses can effectively protect themselves from evolving cyber threats. We’d love having cyber-security afficionados on board, as well as industry-agnostic investors that would like to have a balanced diversified portfolio.”

Angel Hadjiev, Country Director for SeedBlink Bulgaria shared his enthusiasm, stating, “SoCyber’s innovative approach to automating cybersecurity aligns perfectly with the mission of SeedBlink to support cutting-edge European technology startups. This funding round showcases our commitment to fostering growth and enabling the development of impactful solutions in the cybersecurity industry.”

The investment through SeedBlink reflects the dedication to building an efficient investment infrastructure that facilitates collaboration between private and institutional investors to support innovative European technology companies.

About SeedBlink  

SeedBlink is a technology-specialized investment platform that enables funding of top-tier technology startups and scale-ups, with the help of individual and institutional investors. SeedBlink’s mission is to build an efficient investment infrastructure for private and institutional investors to work together to finance innovative European technology companies.

SeedBlink Crowd SA has been registered with the Financial Supervision Authority Register since 03/11/2022 under the number PJR28FSFPR/400001. Contact at [email protected] . Read the essential information at project or platform level before investing on the platform, available in Dutch on the official website

About is an innovative vulnerability management platform developed by SoCyber. By introducing machine learning analysis of vulnerability data, brings a fresh perspective to the cybersecurity sector. Multiple data sources are the foundation of the proprietary model. We at are aware of the value of accurate data analysis. Security flaws must be evaluated right away after being discovered in order to prevent cybersecurity incidents. With respect to the oversaturated vulnerability discovery and incident response market, is positioned in the vulnerability intelligence and analysis domain, which is relatively unexploited.