Baffin Bay Networks, a Stockholm, Sweden-based cybersecurity startup, closed a $6.4m Series A funding round.
The investment was led by the EQT Ventures fund.
The company intends to use the funds for further international expansion, the growth of the team and the continued R&D of its offering.
Founded in 2017 by cyber security experts and led by Joakim Sundberg, CEO, Baffin Bay Networks offers a cloud-first threat protection platform that allows companies and service providers to protect their key assets and services. The platform, developed with machine-learning components, enables the mitigation of attack from the IP layer up to the application layer, covering DDoS Attacks, web applications and threat protection.
Being cloud-first, the product also improves continuously as more customers are added to the platform.
Baffin Bay Networks is delivering its services via a partner network, including the Nordic services and software company Tieto and is already protecting critical infrastructure for a number of large organisations e.g. Bonnier News, Netnod and Swedish IRS, together with Swedish public cloud company ELASTX.