VMRay, a Germany-based cybersecurity startup, raised USD 34 million in a Series B funding round led by Tikehau Capital, High-Tech Gründerfonds, eCapital, NRW.BANK, and Gründerfonds Ruhr. The company’s total funding currently stands at nearly USD 63 million. 

The funds will be used to expand its product portfolio based on its automated threat analysis technology to target broader market segments, expand the company’s threat detection, expand analysis services into new target markets, and help the company to deliver new products based on its core automated threat analysis tech.

VMRay serves four of the world's 5 largest tech companies, 37 leading financial companies, and 56 state agencies.

Founded in 2013, VMRay delivers cybersecurity algorithms and threat intelligence to support its cybersecurity experts in its security operations centers (SOCs). The company leverages malware sandboxing which uses machine learning (ML) to detect and analyze cybersecurity vulnerabilities, malware, and phishing threats. VMRay integrates with other Endpoint Detection and Response (EDR), Extended Detection and Response (XDR), Security Orchestration, Automation, and Response (SOAR), and threat intelligence platforms.