“From working as cybersecurity consultants, we could see that people were constantly stressed out by their workload and felt there had to be a way to improve productivity while also reducing the burnout level and turnover rate among cybersecurity professionals,” Conlon says. This ultimately led to a solution designed to protect against breaches rather than repair them.
“Two companies may have the same IT system with the same vulnerability but organisation A uses it to process customer payments while organisation B only uses it as a test device,” he says. “Intuitively, organisation A is more at risk. However, existing tools will prioritise the threat as exactly the same for both organisations. We solve this problem by taking a data-driven approach to IT risk prioritisation to close the door before someone gets in. Organisations are drowning in data.
The next step for Cytidel is a seed round of €1m to fund hiring, beginning in the first quarter of 2023 as well as further product development and expansion into international markets