$60M Series B propels Aikido into the global unicorn ranks

Belgian cybersecurity firm Aikido has secured a $60 million Series B funding round, reaching a $1 billion valuation and achieving unicorn status. This significant milestone underscores the increasing demand for advanced security solutions, particularly those tailored to modern software development practices. Aikido's rapid ascent highlights Europe's growing capacity to compete in the global cybersecurity market. Aikido's platform is designed to assist software teams in identifying, prioritizing, and resolving security vulnerabilities across the entire software stack. The company has experienced significant growth, with a five-fold increase in revenue and nearly triple the customer base in the last year. Aikido's approach focuses on integrating security seamlessly into the development process, automating many tasks, and providing developers with clear, actionable insights. The platform's impact extends to a wide array of users, including organizations like the Premier League and Revolut. By automating vulnerability assessment and remediation, Aikido aims to reduce the burden on developers. This approach could lead to more efficient software development cycles and enhanced overall security postures. Aikido's success demonstrates Europe's potential to establish itself as a leader in the cybersecurity industry, challenging the dominance of US and Israeli companies. This success could inspire further investment and innovation in European tech, fostering the development of alternative digital solutions.