{"id":18567,"date":"2024-02-12T08:09:49","date_gmt":"2024-02-12T08:09:49","guid":{"rendered":"https:\/\/reinvantage-dev.eonserver.com\/?p=18567"},"modified":"2024-02-12T08:09:49","modified_gmt":"2024-02-12T08:09:49","slug":"the-lithuanian-cybersecurity-start-up-developing-interactive-ai-driven-solutions-for-smes","status":"publish","type":"post","link":"https:\/\/reinvantage-dev.eonserver.com\/?p=18567","title":{"rendered":"The Lithuanian cybersecurity start-up developing interactive, AI-driven solutions for SMEs"},"content":{"rendered":"\n<p><strong>Cyber Upgrade, a Lithuanian cybersecurity start-up helmed by former Paysolut co-founders, is developing interactive, AI-driven cybersecurity solutions for SMEs, with a focus on inclusivity and accessibility.<\/strong><\/p>\n\n\n\n<p>In a breakthrough for accessible AI-driven cybersecurity, Lithuanian start-up&nbsp;<u><a href=\"https:\/\/cyberupgrade.net\/\">Cyber Upgrade<\/a><\/u>&nbsp;has received<strong>&nbsp;<\/strong>650,000&nbsp;euros in pre-seed funding from VCs and angel investors to accelerate its development of a comprehensive set of security tools for SMEs and fintechs.<\/p>\n\n\n\n<p>The company&#8217;s innovative cybersecurity platform is a gamified system that includes an AI chatbot that acts as a virtual cybersecurity officer, to guide companies through implementing the necessary cybersecurity solutions.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-cyan-bluish-gray-background-color has-cyan-bluish-gray-color is-style-wide\"\/>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/emerging-europe.com\/made-in-emerging-europe\/the-estonian-delivery-robots-set-to-take-over-the-world\/\">The Estonian delivery robots set to take over the world<\/a><\/li><li><a href=\"https:\/\/emerging-europe.com\/made-in-emerging-europe\/the-latvian-on-demand-cpg-start-up-supplementing-the-creator-economy\/\">The Latvian on-demand CPG start-up supplementing the creator economy<\/a><\/li><li><a href=\"https:\/\/emerging-europe.com\/made-in-emerging-europe\/plugging-lithuanias-tech-start-ups-into-a-global-network\/\">Plugging Lithuania\u2019s tech start-ups into a global network<\/a><\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-cyan-bluish-gray-background-color has-cyan-bluish-gray-color is-style-wide\"\/>\n\n\n\n<p>The funding of this venture marks a major step toward accessibility of the latest cybersecurity tools for companies of any size in the fight against increasingly sophisticated cyber threats.<\/p>\n\n\n\n<p>Leading Cyber Upgrade are Aurimas Bakas and Andrius Minkevi\u010dius, both formerly of Paysolut, a core banking system provider they co-founded and sold to SumUp after a successful multi-year partnership.<\/p>\n\n\n\n<p>&#8220;This investment opens exciting growth opportunities, allowing us to develop the latest technologies into next-generation operational level defenses against emerging cybersecurity threats,\u201d says Bakas, CEO at Cyber Upgrade. <\/p>\n\n\n\n<p>\u201cIn ten years of building critical banking infrastructures at Paysolut, we learned a great deal about securing and strengthening banking systems against cyber attacks. We are now in a position to combine our years of experience with all the latest AI-driven solutions to make Cyber Upgrade the first line of defence in cybersecurity.\u201d<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">An interactive software suite to empower SMEs and CISOs<\/h5>\n\n\n\n<p>Cyber Upgrade is developing a dynamic AI-driven platform built to address the specific cybersecurity needs of SMEs, particularly with regard to accessibility and inclusivity. <\/p>\n\n\n\n<p>The platform is a gamified system, including an AI chatbot that acts as a virtual cybersecurity officer that guides each SME in implementing its own real-world cybersecurity solutions. The platform also integrates an educational aspect, using an interactive game-like interface to keep team members up-to-date on the latest cybersecurity practices.<\/p>\n\n\n\n<p>\u201cYou can build great cyber defence lines, but if your team is not on board, then willingly or unwillingly there will be a weak link somewhere in the chain,\u201d Bakas explains. \u201cOur goal is to provide companies with a comprehensive set of tools that bring everyone into the process, making high-level security manageable, simple to navigate, and available at an affordable price.\u201d<\/p>\n\n\n\n<p>The company\u2019s platform also offers benefits to established fintechs, providing tools for Chief Information Security Officers (CISOs) to monitor and manage their in-house cybersecurity processes and maintain regulatory compliance. In the face of emerging cyber threats and upcoming cybersecurity regulations like DORA, MiCA, and NIS2, fintechs are in need of future-proof solutions that can dynamically adapt to external changes, all while mitigating ongoing threats.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Current, and future plans for development<\/h5>\n\n\n\n<p>This pre-seed funding will enable Cyber Upgrade to accelerate its development speed, enhance market visibility, and further refine their products, to ensure alignment with market needs. <\/p>\n\n\n\n<p>The company is currently focused on future-proofing its solution, further developing its AI chatbot, and improving the platform\u2019s dashboard to provide an easily manageable overview of all events.<\/p>\n\n\n\n<p>The company\u2019s long-term goals include adding news features like phishing drills, a &#8220;panic button&#8221; for urgent incidents, and nano services for enhanced security coverage, a premium offering that is typically out of reach for SMEs.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-cyan-bluish-gray-background-color has-cyan-bluish-gray-color is-style-wide\"\/>\n\n\n\n<p><strong>Unlike many news and information platforms,&nbsp;<em>Emerging Europe<\/em>&nbsp;is free to read, and always will be.&nbsp;There is no paywall here.&nbsp;We are independent,&nbsp;not affiliated with nor representing any political party or business&nbsp;organisation.&nbsp;We want the very best for emerging Europe, nothing more, nothing less. Your support will help us continue to spread the word about this amazing region.<\/strong><\/p>\n\n\n\n<p><strong>You can contribute&nbsp;<a href=\"https:\/\/emergingeurope.krtra.com\/t\/NlQnFuOA2C9c\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>. Thank you.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https:\/\/emergingeurope.krtra.com\/t\/NlQnFuOA2C9c\"><img decoding=\"async\" src=\"https:\/\/emerging-europe.com\/wp-content\/uploads\/2020\/04\/copy-of-add-a-heading.png\" alt=\"emerging europe support independent journalism\" class=\"wp-image-50811\"\/><\/a><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-cyan-bluish-gray-background-color has-cyan-bluish-gray-color is-style-wide\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Cyber Upgrade, a Lithuanian cybersecurity start-up helmed by former Paysolut co-founders, is developing interactive, AI-driven cybersecurity solutions for SMEs, with a focus on inclusivity and accessibility.<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":18568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[6867,6865,6320,6864,385,6866,6624,6621,6868,61],"class_list":["post-18567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-made-in-emerging-europe","tag-cyber-upgrade","tag-cybersecurity","tag-featured","tag-fintech","tag-lithuania","tag-paysolut","tag-start-ups","tag-startups","tag-sumup","tag-technology-innovation"],"_links":{"self":[{"href":"https:\/\/reinvantage-dev.eonserver.com\/index.php?rest_route=\/wp\/v2\/posts\/18567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reinvantage-dev.eonserver.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reinvantage-dev.eonserver.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reinvantage-dev.eonserver.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/reinvantage-dev.eonserver.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18567"}],"version-history":[{"count":0,"href":"https:\/\/reinvantage-dev.eonserver.com\/index.php?rest_route=\/wp\/v2\/posts\/18567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reinvantage-dev.eonserver.com\/index.php?rest_route=\/wp\/v2\/media\/18568"}],"wp:attachment":[{"href":"https:\/\/reinvantage-dev.eonserver.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reinvantage-dev.eonserver.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reinvantage-dev.eonserver.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}