Italian cybersecurity startup Equixly on Tuesday announced raising €10 million (~$11.6 million) in a Series A funding round that brings the total raised by the company to over $13.3 million.
The investment round was led by 33N Ventures, with additional support from Alpha Intelligence Capital, JME Ventures, 360 Capital, and the Fondazione Cassa di Risparmio di Firenze.
Founded in 2022, Florence, Italy-based Equixly has built a penetration testing platform that leverages AI to identify API vulnerabilities and help developers address them.
The platform, the company says, not only automates API testing to identify complex security issues, but can also predict where flaws will occur.
Equixly’s proprietary AI agents embed into existing systems, acting like hackers to surface hidden issues across the entire development lifecycle.
The platform maps an organization’s entire API ecosystem, implements testing into CI/CD pipelines, learns the context, and constantly monitors and runs attack simulations to surface weaknesses.
Already trusted by numerous European organizations across the banking, energy, insurance, and retail sectors, Equixly will use the fresh funds to expand its global presence, starting with the UK.
The company also plans to scale its team with new talent and will invest in the development of proprietary AI models.
“Equixly is making advanced security testing continuous, autonomous, and accessible to every development and security team. With agentic AI infrastructure and models fully built in-house, teams get the human-level reasoning they need, at the scale modern software demands, while ensuring maximum control over data and preserving privacy,” Equixly co-founder and CEO Mattia Dalla Piazza said.
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