The European Union Allocated 15 Million Euros to Cyber Security

The European Union Allocated 15 Million Euros to Cyber Security

Millions of euros are being invested by the European Union in the development of a next-generation cybersecurity platform that can quickly identify, fix, and evaluate cyber threats. 

EclecticIQ, a Dutch cybersecurity startup that specializes in threat intelligence, hunting, and response technology and services, has signed a 15 million euro (US$17.81 million) funding deal with the European Investment Bank (EIB), according to a statement from the European Commission. 

EclecticIQ will use the funds from the deal to accelerate the development of its cybersecurity platform and expand worldwide in a strategically significant and quickly increasing area, according to the company.

To Read More: OCCRP

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