Developers have a problem. It used to be the case that only large enterprises needed to worry themselves with security, but today, every startup is capable of holding huge amounts of customer data. That means developers across the board have to worry about how secure their platform is, and they often find themselves grappling with complicated tools to manage security.
Aikido: A New Approach to Security
Now, Aikido, a small startup in Ghent, Belgium, thinks it has an answer to that dilemma: A no-nonsense, open source, developer-facing security platform. And the startup has just raised a $17 million Series A to further build out its product.
A Differentiator in the Market
"There have been security tools for three decades, but I think we’re the first where the buyer is also the user," says [Founder’s Name], CEO of Aikido. "We’re not just selling a tool; we’re providing a platform that developers can integrate into their workflows to ensure security."
The Challenge of Security in the Developer Community
Developers are often overwhelmed by the complexity and cost of traditional security tools, which can be a barrier to adoption. By providing an open-source solution that is easy to use and integrates seamlessly with popular developer tools, Aikido aims to make security more accessible and effective for developers.
The Market Opportunity
The network security software market is expected to increase from $24.21 billion in 2023 to $27.33 billion in 2024, according to recent estimates. At the same time, security risks are mutating and growing rapidly, with the average cost of a data breach reaching record highs of $4.45 million in 2023.
The Investment
The $17 million Series A round was led by Singular, with participation from Notion Capital and Connect Ventures. This funding will be used to further develop the platform, expand the team, and drive adoption among developers.
Aikido’s Vision
"Aikido is on a mission to make security an essential part of every developer’s workflow," says [Founder’s Name]. "We believe that by providing a simple, effective, and affordable solution, we can help prevent data breaches and protect customer data."
Conclusion
Aikido’s approach to security is refreshing in its simplicity and effectiveness. By putting the needs of developers at the forefront, Aikido has created a platform that is both accessible and powerful. With the support of Singular, Notion Capital, and Connect Ventures, we expect great things from this young company.
About Aikido
Aikido is an open-source security platform designed for developers. Its mission is to make security an essential part of every developer’s workflow by providing a simple, effective, and affordable solution.
About Singular
Singular is a venture capital firm that invests in early-stage startups with a focus on artificial intelligence, cybersecurity, and software as a service (SaaS).
Related Topics
- Security
- Enterprise
- Europe
- Startups
Sources
- Aikido press release
- Singular press release
- Notion Capital press release
- Connect Ventures press release
