Early Game Ventures invests 900,000 euros in a Polish cybersecurity start-up
Early Game has invested 900,000 euros in Relock, a cybersecurity startup created by Polish founders who are developing a new API protection technology as part of a pre-seed round, in line with their investment thesis and vision to #leadearly by investing early in companies with potential.
Protecting APIs with Relock technology
APIs are the backbone of a technology company. They are essential for the smooth operation of any business process or function. They are the veins through which data flows. Protecting a company’s APIs is crucial, and Relock provides real-time protection of access to APIs for any technology company and the data they exchange with other entities, ensuring immediate threat detection and safe disconnection from the API in the event of an attack attempt.
The importance of API security
API security is a crucial aspect that is often neglected on a global scale. It takes an average of seven months for a company to identify and shut down unauthorized access to its APIs. This means that, throughout this entire period, an attacker or even a malicious employee is able to access critical systems, sensitive data, and even orchestrate fraudulent activities. In simpler terms, it takes seven months for a technology company to realize it is being robbed.
The innovative approach of Relock
Relock’s technology is based on a new and creative approach to managing API access, a highly efficient reimagining of how tech companies should operate in terms of their data and system security. This new approach is the company’s secret sauce and the strength of this new technology. Additionally, thanks to this new approach, Relock provides a range of powerful features, such as instant notifications.
Enhancing Data Security with Relock Technology
Relock technology revolutionizes data security by providing precise and real-time access control, ensuring immediate denial of unauthorized access. This advanced technology renders any attempts to breach a company’s API security levels meaningless. Why bother trying to hack an API when Relock immediately fixes any breaches, forcing hackers to start from scratch each time?
The potential of Relock technology as a standalone product or integrated into larger solutions like Okta or Kong is what prompted Early Game to invest in the company’s pre-seed round.
The new Relock engine, which ensures frequent rotation of digital secrets (such as passwords), has the ability to address multiple vulnerabilities. Early adopters of the technology have found it extremely valuable for APIs as well as other critical use cases, such as safeguarding assets in the cloud.
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Early Game: Accelerating Development in Cybersecurity
“Thanks to Early Game, we can accelerate product development and the first applications are expected to be released soon,” says Marcin Sznyra, founder and CTO of Relock.
Early Involvement
The pre-seed investment in Relock confirms Early Game’s thesis of early involvement and providing capital to promising startups, regardless of their stage of development or financial needs. Early Game is the right venture capital fund for bold startups seeking a lead investor willing to take risks.
“As the digital environment becomes increasingly prevalent in our world, cyber security threats are constantly evolving. Investments in advanced cyber security solutions not only address current critical issues but also have the potential to be a transformative force for global technology,” said Florin Vișa, Partner at Early Game.
Early Game and Transaction Coordinator
Flip.ro has reported that 35% of their sales in 2023 were generated from international markets. This shows the growing importance of expanding into foreign markets for online businesses.
Early Game, the leading e-commerce platform in Romania, has been successful in coordinating transactions with international customers. By focusing on providing excellent customer service and efficient shipping options, they have been able to attract a significant portion of their sales from overseas.
Expanding into foreign markets can be a lucrative opportunity for businesses looking to increase their revenue and reach a wider audience. By strategically targeting specific regions and adapting to local customs and preferences, companies like Flip.ro can continue to grow and thrive in the global marketplace.
