Arcos raises €5.5M seed financing for critical-infrastructure security
The German company will use the funding to grow its team, develop its security platform and prepare for expansion into further European markets.
High-Tech Gründerfonds, Bayern Kapital, Pact, Haufe Group, Robin Capital and business angels participated in the round.
Arcos is investing in both software and the control-centre operations that use it. Running those operations gives its engineering and product teams direct feedback from incidents, while the financing supports capacity for larger critical-infrastructure customers.
Use of funds
Expand its team in Germany
Further develop its platform
Prepare for growth in the critical infrastructure market
Expand into additional European markets