Stratulat Albulescu advises CODA Intelligence S.R.L. on a 800,000 EUR Seed Funding Round
The financing round was led by Early Game Ventures (an early-stage venture capital firm in Romania investing in startups that create new industries in the emerging markets of Europe) and included ROCA X, a technology investment fund and other angel investors.
The new funding round raises the investment available for this stage of startup development to about 1 million EUR. CODA will use the entire amount to grow its business and move to the next stage of the startup, namely expanding and licensing the CODA Footprint product on the US market.
CODA Intelligence (www.codaintelligence.com) is a technology startup activating in the area of cyber security, dedicated to small and medium enterprises (SME’s). Using Machine Learning and Big Data technologies, the CODA Footprint product analyzes the computer system of the user (company) and creates a dynamic security footprint, which takes into account the electronic information flows that circulate in the system every day. CODA Footprint platform represents an opportunity for the MSP (Managed Service Providers) partners, offering them the ability to deliver managed cyber security services to their customers from any private or public cloud, without massive investment in ethical hacking teams.
The Stratulat Albulescu team included Managing Partner Silviu Stratulat and Managing Associate Cristina Man, as well as Associate Roxana Ioncu, all in the Tech M&A dedicated group.