Nucleon Security, a tech firm specializing in cybersecurity, has successfully raised €3 million in a funding round to support its expansion and the industrialization of its innovative technologies.
The investment, led by a consortium of international and African investors, aims to combat the rising threat of cyberattacks on the continent and globally.
Axian Group’s involvement highlights a growing trend of regional investors supporting local tech solutions. This investment is particularly crucial as the global cost of cybercrime is projected to reach an astounding $10.5 trillion by 2025, according to Cybersecurity Ventures.
The new capital will enable Nucleon Security to scale up its advanced cybersecurity platforms, including its Zero Trust and agentic AI systems. These technologies, which provide continuous, proactive, and automated threat analysis and response, are already in use by over 100 clients. The company plans to use the funds to strengthen its presence in several African countries, including Morocco, Tunisia, Benin, Togo, Côte d’Ivoire, and Madagascar.
This partnership is a significant step towards building an African cybersecurity ecosystem. By mobilizing diverse stakeholders, the project aims to create a network for sharing best practices and developing local solutions that can be deployed internationally. This not only secures new markets for Nucleon Security but also enhances Africa’s overall visibility and expertise in the global cybersecurity landscape.
AP/fss/abj/APA