April, 15 2020 IT-Security Startup Enginsight receives funding from the Federal Ministry

With a vol­ume of 0.64 mil­lion euros for the period from April 2020 to March 2021, the Jena-based Startup Engin­sight will receive grant fund­ing within the Star­tUpSe­cure pro­gram of the Ger­man Fed­eral Min­istry of Edu­ca­tion and Research (BMBF). The tar­geted sup­port of inno­v­a­tive IT secu­rity start-ups is intended to ensure the suc­cess­ful estab­lish­ment of future-ori­ented secu­rity solu­tions on the Ger­man market.

How Enginsight ensures security

Engin­sight offers the most effi­cient solu­tion for the increas­ing chal­lenges of IT secu­rity in Ger­man medium-sized busi­nesses. The 100% inter­nally-devel­oped soft­ware enables com­pa­nies to auto­mat­i­cally mon­i­tor and ana­lyze the secu­rity of their entire IT infra­struc­ture within min­utes. Infor­ma­tion about secu­rity gaps or con­fig­u­ra­tion defi­cien­cies are pre­sented as well as infor­ma­tion on live cyber attacks that are cur­rently tak­ing place. With the capa­bil­ity to sim­u­late hacker attacks, cus­tomers can also change their van­tage point in order to sub­ject their entire IT infra­struc­ture to a resilience test. The easy-to-inter­pret results and con­crete rec­om­men­da­tions for action help com­pa­nies to take proac­tive action before cyber­crim­i­nals cause dam­age. A fail­ure of the IT infra­struc­ture or the out­flow of sen­si­tive data can thus be pre­vented at an early stage.

Tailwind through StartUpSecure

BMBF fund­ing sup­ports the tech­ni­cal and entre­pre­neur­ial devel­op­ment of Engin­sight. One of the aims of the grant fund­ing is to use machine learn­ing to analyse and eval­u­ate the ever-increas­ing streams of data. By deploy­ing machine learn­ing, the admin­is­tra­tive bur­den can be kept low and the tech­nol­ogy can be made avail­able at low cost, par­tic­u­larly to small and medium-sized enter­prises. Mario Jan­deck, CEO at Engin­sight: «The fund­ing by Star­tUpSe­cure is another recog­ni­tion of our unri­valled tech­nol­ogy stack, which we are very happy about. The Fed­eral Min­istry of Edu­ca­tion and Research’s pro­gram pro­vides unique finan­cial and orga­ni­za­tional sup­port that will help posi­tion Engin­sight as a key cyber­se­cu­rity soft­ware provider in the Ger­man mar­ket». Max Taran­tik, Head of Busi­ness Devel­op­ment at Engin­sight: «Our prod­uct has already devel­oped very well, butwe still have big plans to make the topic of IT secu­rity more acces­si­ble for medium-sized busi­nesses. With the help of the fund­ing, we will progress and eval­u­ate new tech­no­log­i­cal devel­op­ments. To do this, we can use var­i­ous mar­ket­ing oppor­tu­ni­ties and hire new employees».

About StartUpSecure

With the aim of bring­ing good ideas in IT secu­rity into prac­ti­cal appli­ca­tion more quickly using novel and uncon­ven­tional approaches, the Fed­eral Min­istry of Edu­ca­tion and Research (BMBF) launched the «Star­tUpSe­cure» ini­tia­tive. It is part of the «More Oppor­tu­ni­ties for Start-ups» ini­tia­tive with which the BMBF sup­ports Germany’s start-up cul­ture in sci­ence and research.

About Enginsight

With the vision of a com­pre­hen­sive and autonomous IT secu­rity soft­ware for medium-sized busi­nesses, Eric Range and Mario Jan­deck founded Engin­sight GmbH in Jena in 2017. Awards such as the Thuringian Founder’s Prize and the KfW Award as well as sev­eral renowned cus­tomers indi­cated that their idea exactly meets the needs of our time. Engin­sight is on course for strong growth and cur­rently employs ten highly qual­i­fied and moti­vated employ­ees. www.enginsight.com
Press con­tact Engin­sight GmbH Max Taran­tik Hans-Knöll-Strasse 6, 07745 Jena max.tarantik@enginsight.com +49 (0)3641 2717814