GreyCortex, a Czech Republic-based technology company, raised USD$1.3m in its first round of funding.
Y Soft Ventures, the venture capital arm of leading enterprise office solution provider Y Soft, made the investment.
The company intends to use the funds to strengthen its R&D and customer support teams and speed up the development of new product features and capabilities.
Formed in May 2016 by the product team that developed GreyCortex Mendel in TrustPort and led by Petr Chaloupka, CEO, GreyCortex develops a network traffic analysis and forensics solution suite called Mendel which provides medium and large companies an intelligent system for threat identification and rapid response and detailed overview of network traffic.
The Mendel solution suite is already used by customers such as the Mexican University UACM and the Czech National Security Authority.
The company has purchased the technology and rights from TrustPort, part of the Cleverlance Group.