# CounterCraft, S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/countercraft-s-l

- Industry: IT Security/Cybersecurity
- Headquarters: Donostia, Spain
- Website: www.countercraft.eu
- Total disclosed funding: $1.1M
- Latest round: Seed (Jul 20, 2016)
- Investors on record: 3

## About

Based in Donostia, Spain, CounterCraft, S.L. specializes in deception-based threat intelligence solutions, enhancing cybersecurity for various sectors such as finance, healthcare, and government.CounterCraft, S.L. was founded in 2015 in Donostia, Spain. The company focuses on providing advanced cybersecurity solutions through its unique deception technology. The firm has successfully completed 4 deals, with the most recent funding round occurring on July 16, 2020, where it raised USD 5 million led by Adara Ventures, alongside other investors including Evolution Equity Partners and Wayra. As of now, CounterCraft has a current valuation of USD 16.48 mn.CounterCraft specializes in deception-powered threat intelligence solutions designed to enhance cybersecurity for a diverse range of sectors, including financial services, healthcare, critical infrastructure, and government entities. Their core product, The Platform, employs advanced deception technology to create a digital twin of an organization’s environment, effectively luring malicious actors away from sensitive assets. This proactive approach generates specific, actionable threat intelligence in real time, providing organizations with clear signals for immediate action against potential threats. The solutions serve a global client base with notable use cases, such as preventing ransomware attacks, safeguarding financial transactions, and protecting critical medical systems. CounterCraft’s products are marketed and utilized across various international markets, including North America, Europe, and Asia, where they address the pressing need for innovative cybersecurity measures amidst increasing cyber threats.CounterCraft generated revenue of USD 1,351,583.10 in the most recent year, 2023. The company operates primarily on a subscription-based model for its threat intelligence solutions, ensuring organizations have ongoing access to support and updates. The structure is mainly B2B, with partnerships established between CounterCraft and enterprises seeking improved cybersecurity. Clients subscribe to The Platform for a tailored experience that includes contextualized threat intelligence and automated defenses, with pricing varying based on the organization's scale and specific security needs.In July 2020, CounterCraft raised USD 5 million in venture funding to support its growth and capabilities. The firm plans to utilize this funding to enhance its offerings and expand into new markets. Specific targets for expansion include enhancing its presence in North America and exploring opportunities within Asian markets, with a focus on 2024 for these initiatives. CounterCraft is also working on launching new products that leverage its existing technology to further improve cybersecurity measures for its clients.

## Funding rounds

- Seed, Jul 20, 2016, $1.1M — Adara Ventures, Telefonica Open Future, Orza

## Investors

- Adara Ventures (https://capitalatlas.ai/funds/adara-ventures) — Seed
- Telefonica Open Future (https://capitalatlas.ai/funds/telefonica-open-future) — Seed
- Orza — Seed