Startup Wise Guys

Startup Wise Guys, established in 2012 and headquartered in Tallinn, Estonia, is a leading early-stage investor and accelerator in the Central and Eastern European (CEE) region and the Nordics. It offers a world-class, up to five-month accelerator program focused on validating, developing, and selling products to business customers, with a particular interest in Sustainability, B2B SaaS, Fintech, Cybersecurity, and XR sectors. The program, supported by over 200 international and local mentors, has accelerated more than 300 startups, with an 80% success and survival rate, and 11 major exits. Post-program, startups join an alumni community of over 300 startups across 40 countries, gaining access to invite-only events for business development and fundraising support.

Alexandra Balkova

Partner

Attila Hudecz

Managing Director, Sustainability

Franziska Kolk

General Partner Africa

Andrea Orlando

Partner

Peter Sandberg

Venture Partner

Past deals in Penetration Testing

CyberDart

Pre Seed Round in 2025
CyberDart operates a bug bounty platform that connects businesses with skilled ethical hackers. This platform facilitates the identification and resolution of security vulnerabilities, enabling companies to bolster their cybersecurity posture efficiently and cost-effectively.

Ethiack

Seed Round in 2024
Ethiack is a cybersecurity company that offers a platform focused on autonomous ethical hacking. The company aids organizations in preventing cybercrime by continuously monitoring and testing their digital infrastructure. Ethiack provides comprehensive reports detailing identified vulnerabilities and their severity, along with actionable guides for mitigation. Additionally, the platform includes a working meeting to address any questions, thereby enabling companies to effectively detect and address weaknesses in their systems. By rewarding ethical hackers, Ethiack fosters a symbiotic relationship that enhances overall cybersecurity efforts.

CyLock

Seed Round in 2024
CyLock is a software company that specializes in anti-hacker solutions aimed at protecting systems from cyber attacks. The software identifies vulnerabilities in various digital platforms, including websites, e-commerce sites, applications, and corporate networks. By leveraging artificial intelligence, CyLock provides services such as threat intelligence, data breach management, and personalized penetration testing. This enables small and medium-sized businesses to assess and enhance their digital defenses effectively. Regular testing of digital tools and staff capabilities is crucial, as organizations that neglect this practice are more susceptible to cyber threats, which can result in business disruptions, data loss, and failures in online transactions.

Cyber Struggle

Seed Round in 2023
Cyber Struggle, established in 2016 and headquartered in Tallinn, Estonia, specializes in cybersecurity training and certification services tailored to address the complexities of modern cyber threats. The organization adopts a holistic approach to cybersecurity, integrating disciplines such as criminology, psychological warfare, and terrorism studies into its training programs. Recognizing that the contemporary cybersecurity landscape requires more than just technical skills, Cyber Struggle emphasizes the importance of soft skills, including teamwork, leadership, and mental resilience, to prepare individuals for high-pressure situations. The company also leverages advanced technologies like artificial intelligence and simulation software to create realistic training environments that reflect real-world scenarios. By prioritizing both technical and psychological preparedness, Cyber Struggle aims to cultivate a robust cybersecurity workforce capable of navigating the ongoing challenges in the digital realm.

ByteHide

Pre Seed Round in 2023
ByteHide is a security platform that focuses on automated protection for distributed software, mobile applications, and Internet of Things (IoT) systems. It addresses the essential need for businesses to secure their software even in uncontrolled or untrusted environments. By offering a solution for management, monitoring, and secure development, ByteHide enables organizations to effectively deploy and maintain their security measures, ensuring ongoing protection for their digital assets.

ARGOS Cloud Security

Pre Seed Round in 2023
Argos is a cloud-based security posture management service that offers real-time scanning of cloud environments to identify security issues as they emerge. It provides a fully managed Software as a Service (SaaS) solution, enabling organizations to maintain oversight of their security posture through a user-friendly interface. The platform allows users to manage cloud security and compliance efficiently, minimizing distractions from irrelevant alerts. By emphasizing speed and simplicity, Argos aims to deliver immediate value to its clients, helping them effectively manage data security in an increasingly complex digital landscape.

Ethiack

Pre Seed Round in 2023
Ethiack is a cybersecurity company that offers a platform focused on autonomous ethical hacking. The company aids organizations in preventing cybercrime by continuously monitoring and testing their digital infrastructure. Ethiack provides comprehensive reports detailing identified vulnerabilities and their severity, along with actionable guides for mitigation. Additionally, the platform includes a working meeting to address any questions, thereby enabling companies to effectively detect and address weaknesses in their systems. By rewarding ethical hackers, Ethiack fosters a symbiotic relationship that enhances overall cybersecurity efforts.

Octopus Cybersecurity

Pre Seed Round in 2022
Octopus Cybersecurity specializes in providing data security services tailored for various sectors, including banking, finance, health, private enterprises, government, and military. The company focuses on securing business devices such as data centers and network routers. Its offerings include real-time detection, validation, analysis, and reporting tools that enhance productivity and facilitate effective control mechanisms. Through its comprehensive security services and solutions, Octopus Cybersecurity enables organizations to identify and mitigate security risks, protect sensitive data, and ensure regulatory compliance while maintaining business continuity.

CyLock

Pre Seed Round in 2022
CyLock is a software company that specializes in anti-hacker solutions aimed at protecting systems from cyber attacks. The software identifies vulnerabilities in various digital platforms, including websites, e-commerce sites, applications, and corporate networks. By leveraging artificial intelligence, CyLock provides services such as threat intelligence, data breach management, and personalized penetration testing. This enables small and medium-sized businesses to assess and enhance their digital defenses effectively. Regular testing of digital tools and staff capabilities is crucial, as organizations that neglect this practice are more susceptible to cyber threats, which can result in business disruptions, data loss, and failures in online transactions.

Cyber Struggle

Seed Round in 2020
Cyber Struggle, established in 2016 and headquartered in Tallinn, Estonia, specializes in cybersecurity training and certification services tailored to address the complexities of modern cyber threats. The organization adopts a holistic approach to cybersecurity, integrating disciplines such as criminology, psychological warfare, and terrorism studies into its training programs. Recognizing that the contemporary cybersecurity landscape requires more than just technical skills, Cyber Struggle emphasizes the importance of soft skills, including teamwork, leadership, and mental resilience, to prepare individuals for high-pressure situations. The company also leverages advanced technologies like artificial intelligence and simulation software to create realistic training environments that reflect real-world scenarios. By prioritizing both technical and psychological preparedness, Cyber Struggle aims to cultivate a robust cybersecurity workforce capable of navigating the ongoing challenges in the digital realm.

Idyllum Labs

Pre Seed Round in 2020
Idyllum Labs specializes in website security by developing cloud-based technology that assesses the integrity of web applications. The company employs algorithms to conduct a series of harmless penetration tests, identifying vulnerabilities and evaluating security features and data safety. This proactive approach allows clients to uncover potential weaknesses in their websites before malicious actors can exploit them. By providing a comprehensive security report with just a click, Idyllum Labs enables businesses to enhance their online safety effectively.

Cyber Struggle

Pre Seed Round in 2019
Cyber Struggle, established in 2016 and headquartered in Tallinn, Estonia, specializes in cybersecurity training and certification services tailored to address the complexities of modern cyber threats. The organization adopts a holistic approach to cybersecurity, integrating disciplines such as criminology, psychological warfare, and terrorism studies into its training programs. Recognizing that the contemporary cybersecurity landscape requires more than just technical skills, Cyber Struggle emphasizes the importance of soft skills, including teamwork, leadership, and mental resilience, to prepare individuals for high-pressure situations. The company also leverages advanced technologies like artificial intelligence and simulation software to create realistic training environments that reflect real-world scenarios. By prioritizing both technical and psychological preparedness, Cyber Struggle aims to cultivate a robust cybersecurity workforce capable of navigating the ongoing challenges in the digital realm.
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