The Cysero EuVeca fund promoted by AVM Gestioni jointly with Kilometro Rosso to support the development of the robotics and cybersecurity sectors, reports that it has finalised an investment in Octostar, an Italian-Irish start-up with an innovative offering in the field of investigative and decision-making cyber intelligence.
Following the underwriting of a convertible loan completed in recent days, Cysero, with a team comprising Sandro Etalle, Luca Todesco, Edoardo Bosio and Kevin Bifulco, invested two million euros in Octostar’s technology, allowing the know-how and resources of a start-up that aims to expand globally also through the development of its Italian subsidiary, and to strengthen its research and development activities, to return to Italy.
Founded in 2023, Octostar is designed for organisations that need to do investigative and decision-making work. These activities are crucial in public sectors such as national defence and crime fighting, but are also increasingly relevant in the financial and corporate sectors, for the defence of corporate assets, for cybersecurity and for exploratory due-diligence activities. Octostar’s strength lies in its ability to integrate all intelligence technologies into a single operational platform and allow organisations to self-upgrade the system by creating apps, similar to Android or iOS. Apps are created and installed, enabling new challenges such as new kinds of fraud or new types of relevant data theft. Through the use of modern technologies such as Kubernetes and a virtual graph approach, Octostar guarantees scalability to cope with contemporary scenarios, enabling the processing of data on a massive scale, including the use of the latest generative AI technologies. The latter tool allows investigators, for instance, to detect even suspicious communications using slang language, which might escape traditional models of simple keyword searches.
“With this investment, the Cysero fund’s path continues in supporting realities with the potential to become global leaders in the cybersecurity and artificial intelligence sectors,” emphasises Giovanna Dossena, principal of AVM Gestioni, in a note. “Octostar’s platform, fully compliant with privacy legislation, exploits the most advanced technologies to support those on the front line in defending the security of citizens.
Giovanni Tummarello, founder and CEO of Octostar (team pictured), says: ‘Octostar was born to defend people and improve their all-round security. It does this by solving truly complex challenges: managing and interpreting huge amounts of unstructured data in real time in a specialised way that prevents threats, investigates crimes and protects organisations. All in full compliance with current regulations, both national and international, and even increasing people’s privacy. In an email analysis, for example, an AI will skip over personal and irrelevant communications while these could not be ignored by humans. This investment will allow us to expand our research and development team in Italy and accelerate our global growth, with a particular focus on the US market’.
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