September, 7 2017 Intelligent and autonomous IT monitoring: bm|t invests in Enginsight GmbH via the Thuringian Start-up Fund (TSF)

Erfurt/Jena: Engin­sight GmbH, based in Jena, devel­ops and sells an inno­v­a­tive, autonomously act­ing mon­i­tor­ing plat­form that recog­nises depen­den­cies between IT resources and iden­ti­fies the crit­i­cal paths, risks and haz­ards as well as secu­rity vul­ner­a­bil­i­ties for servers and web­sites. Entire IT land­scapes can be analysed and mon­i­tored in terms of secu­rity, avail­abil­ity and sta­bil­ity. From the cus­tomer por­tal to the net­worked pro­duc­tion plant, from the out­side (inter­net) as well as from the inside (inter­nal com­pany network).
Engin­sight is pur­su­ing a new approach, using algo­rithms and arti­fi­cial intel­li­gence to carry out this mon­i­tor­ing autonomously — i.e. largely fully auto­mat­i­cally. This makes it pos­si­ble not only to be informed if some­thing is down or defec­tive, but also to gain insights into the infra­struc­ture itself and dis­cover depen­den­cies or crit­i­cal secu­rity gaps that were pre­vi­ously unknown.
Recently, the two-mem­ber found­ing team was able to close the seed financ­ing round and in this con­text was able to win bm|t (bm‑t beteili­gungs­man­age­ment thürin­gen gmbh) as lead investor and Paysmark Ver­wal­tungs- und Beteili­gungs­ge­sellschaft mbH and Bran­den­burg Ven­tures GmbH as co-investors.

Why holistic monitoring?

Cur­rently, there are many providers on the mar­ket who spe­cialise in IT mon­i­tor­ing and thus cre­ate data silos. If data is stored in iso­la­tion from cer­tain resources, it is very dif­fi­cult to find the “red path” between these resources. If, for exam­ple, a data­base server is defec­tive and the com­pany web­site fails as a result, it is not imme­di­ately appar­ent at first glance that the data­base is the cause. Engin­sight brings together all the data col­lected and can thus directly pro­vide clues to the root cause.
In addi­tion, proac­tive secu­rity analy­ses and real-time mon­i­tor­ing of all IT sys­tems with regard to secu­rity-rel­e­vant issues usu­ally receive lit­tle or no atten­tion. IT mon­i­tor­ing also involves a lot of man­ual effort in IT depart­ments, as admin­is­tra­tors have to define the rules them­selves. Through the holis­tic approach of the Engin­sight plat­form, all data on avail­abil­i­ties, secu­rity, infor­ma­tion about servers and appli­ca­tions are brought together and pro­vide cus­tomers with a unique insight into the IT land­scape. Bot­tle­necks, crit­i­cal resources and pos­si­ble attack sce­nar­ios can be detected in real time. With the help of the autonomous para­me­ter­i­sa­tion, the IT depart­ments are also con­sid­er­ably relieved while the qual­ity of the mon­i­tor­ing is increased at the same time.

How was Enginsight able to convince the investors?

The two young founders know the prob­lems of the mar­ket and the solu­tions of the com­peti­tors through their pre­vi­ous work. The tech­ni­cal and com­mer­cial com­pe­tences com­ple­ment each other per­fectly in the team and are based on many years of coop­er­a­tion. In addi­tion, the first mar­ketable mod­ules of the sys­tem are already avail­able. By using the most mod­ern pro­gram­ming sys­tems, the soft­ware is flex­i­ble, both as a cloud solu­tion and as an on-premise solu­tion installed at cus­tomers’ premises.

About Enginsight GmbH:

Engin­sight GmbH was founded in Novem­ber 2016 and spe­cialises in the devel­op­ment of a holis­tic, intel­li­gent IT mon­i­tor­ing solu­tion. The team is cur­rently work­ing on the imple­men­ta­tion of algo­rithms that allow the autonomous para­me­ter­i­sa­tion of hard­ware and soft­ware com­po­nents and is pro­vid­ing the first mon­i­tor­ing ser­vices via the cloud plat­form with which the first cus­tomers can already suc­cess­fully pro­tect them­selves against cyber attacks, among other things.

About bm|t

bm‑t beteili­gungs­man­age­ment thürin­gen gmbh, head­quar­tered in Erfurt, is a sub­sidiary of Thüringer Auf­baubank and the lead­ing address for invest­ments in Thuringia. bm|t cur­rently man­ages eight funds with a total vol­ume of around EUR 320 mil­lion, which invest in inno­v­a­tive com­pa­nies in almost all sec­tors and in all phases of com­pany devel­op­ment — both in the start-up and growth phases or in com­pany suc­ces­sion sit­u­a­tions. Cur­rently, around EUR 100 mil­lion is avail­able for early-stage projects, for growth com­pa­nies and for estab­lished medium-sized and large com­pa­nies in Thuringia’s SME sector.

Contact:

Engin­sight GmbH
Mario Jandeck
Man­ag­ing Director
Hans-Knöll-Strasse 6
07745 Jena
Phone: +49 176 577 537 04
E‑mail:

bm‑t par­tic­i­pa­tion man­age­ment thürin­gen gmbh
Stephan Beier
Invest­ment Manager
Gork­istrasse 9
99084 Erfurt
Phone: +49 361 7447–607
E‑mail: stephan.beier@bm‑t.de