Cloud security start-up Resility secures multimillion-euro financing
December 14, 2021
Potsdam, 14 December 2021 – High-Tech Gründerfonds (HTGF), Brandenburg Kapital and adesso subsidiary inQventures have joined forces to invest in Resility GmbH, a start-up dedicated to one of the most important issues of the present day: cloud security. Resility’s SaaS cloud security solution Mitigant helps companies recognise, secure and continuously track wrongly configured and insecure cloud infrastructure.
Potsdam-based start-up Resility won over investors following the successful start-up phase earlier this year with a number of pilot customers. Brandenburg Kapital GmbH, subsidiary of the investment bank of the German federal state of Brandenburg, and inQventures GmbH, a start-up incubator of IT service provider adesso, have invested in the fledgling start-up under the stewardship of the High-Tech Gründerfonds (HTGF).
On Resility’s business idea: According to the “Shared Responsibility Model”, customers take care of the necessary security and administration configurations themselves and proactively take corresponding measures. Without a cloud security solution such as Mitigant, customers are usually reliant on the assistance of cloud security experts. The cloud provider is only responsible for the infrastructure. Mitigant helps customers of all sizes to configure their cloud services in line with best practices by directly recognising cyber-attacks and actively closing potential security loopholes through secure chaos engineering, even in complex environments. The solution can be integrated via API in just ten minutes and means that companies no longer require specialist cloud security experts to protect themselves from cloud-based attacks.
A majority of the funds provided by the three investors will go into the future development of the cloud security solution. In addition to Amazon Web Services, the solution is set to cover Microsoft Azure and Google Cloud services. Furthermore, the partners’ investments are to be used to expand the team and facilitate international growth.
Mitigant has set itself the task of making cloud infrastructure safe and resistant by deploying a state-of-the art continuous security verification concept.
Kennedy Torkura, co-founder and CTO of Resility
We look forward to helping more companies safeguard their public cloud in the future.
Nils Karn, co-founder and CEO of Resility
I invested in Resility because the solution addresses a problem that is impacting many companies with cloud-based infrastructure on the market at the moment. The solution is unique and intuitive and the team has exactly the right expertise to develop Mitigant further and position it on the international market.
Frank Reinecke, Principal at High-Tech Gründerfonds
The Mitigant solution from Resility is an excellent addition to adesso’s broad range of cloud security products and services. We will be actively assisting in the further development of the solution with our technology expertise in the areas of the major hyperscalers.
Gregor Schwald, CEO of adesso SE’s inQventures
Mitigant is a product of Resility GmbH, a cloud security start-up. Resility GmbH was founded by Hasso Plattner Institute alumni Kennedy Torkura, Muhammad Ihsan Haikal Sukmana, Nils Karn and Thomas Fricke. Resility GmbH is redefining cloud security through the concept of Continuous Security Verification, which is influenced by CloudRAID, an innovative cloud security research effort from the Hasso Plattner Institute, Potsdam. Resility GmbH aims to help companies cope with the increasing number of successful cloud attacks and data breaches. The causes for these cloud attacks are manifold and range from insufficient knowledge and skills about cloud security to the lack of efficient cloud security tools on the market. By using state-of-the-art methods, Resility GmbH aims to help companies overcome these challenges and enable them to focus on their core business objectives.
More information at: http://www.mitigant.io/
Nils Karn, co-founder and CEO of Resility
Mobile: +49 177 7803381
About Brandenburg Kapital GmbH
Brandenburg Kapital GmbH is a subsidiary of the Investitionsbank des Landes Brandenburg (ILB). As the venture capital arm of ILB, it has been supporting Brandenburg-based companies since 1993 by acquiring equity interests and investments similar to equity interests. As a public venture capital company, experienced lead investor and active partner, Brandenburg Kapital ensures a strong equity base for start-ups and small and medium-sized enterprises in the state of Brandenburg on the basis of a stable group environment. To this end, the early-stage and growth fund is currently available in the amount of around 100 million euros. The fund resources for the Brandenburg Kapital fund, which was established on behalf of the Brandenburg Ministry of Economics, are currently provided by the European Fund for Regional Development and ILB’s own resources. Through the investment activities of the ILB, 232 companies have so far been accompanied on their growth course with around 256 million euros. In addition, private investors have so far invested more than 525 million euros in the companies. Further information: www.brandenburg-kapital.de
inQventures by adesso
inQventures GmbH is the incubator of the adesso Group. The company supports start-ups with equity capital in their early phases, which are thematically located in the core industries of adesso (Fintech, Insurtech, E-Health, Internet of Things, Mobility, Public and Energy). In addition to the investment with equity capital, inQventures also supports promising young companies in software development and market entry.
adesso is one of the leading IT service providers in the German-speaking area and focuses its consulting and software development activities on the core business processes of companies and public authorities. adesso’s strategy is based on three pillars: the deep industry-specific know-how of its staff, the comprehensive expertise in technology and the application of reliable methods in software implementation projects. Following this approach, adesso develops superior IT solutions, which enhance the competitive position of a company. adesso was founded in Dortmund in 1997 and employs more than 5,600 members of staff. The share is listed on the regulated market. Some of the most important customers are Commerzbank, Daimler, Münchener Rück, Hannover Rück, Union Investment, Bosch, Westdeutsche Lotterie, Swisslos, Zurich Versicherung, DEVK, DAK, Medizinischer Dienst der Krankenversicherung (MDK-IT), DZR Deutsches Zahnärztliches Rechenzentrum, TÜV Rheinland, Beschaffungsamt des Bundesministeriums des Innern.
About High-Tech Gründerfonds
High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven start-ups. With around EUR 900 million in total investment volume across three funds and an international network of partners, HTGF has already helped forge more than 650 start-ups since 2005. Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and startup experts help guide the development of young companies. HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial technology, life sciences, chemistry and related business areas. To date, external investors have injected more than EUR 3.5 billion into the HTGF portfolio via more than 1,800 follow-on financing rounds. HTGF has also successfully sold interests in more than 140 companies.
Investors in this public-private partnership include the Federal Ministry for Economic Affairs and Climate Action, KfW Capital, and Fraunhofer-Gesellschaft e.V., as well as the companies ALTANA, BASF, BAYER, B.Braun, Boehringer Ingelheim, Robert Bosch, BÜFA, CEWE, Deutsche Bank, Deutsche Post DHL, Dräger, 1+1 AG, EVONIK, EWE AG, FOND OF, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.
High-Tech Gründerfonds Management GmbH
Head of Marketing & Communications
T.: +49 228-82300-188
High-Tech Gründerfonds Management GmbH