# Enigmedia, S.L.

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

- Industry: IT Security/Cybersecurity
- Headquarters: San Sebastian, Spain
- Website: www.enigmedia.es
- Total disclosed funding: $0.4M
- Latest round: Seed (Oct 7, 2013)
- Investors on record: 1

## About

Enigmedia, S.L. is a cybersecurity company specializing in advanced encryption technologies and risk assessment tools to support digital transformations across diverse sectors.Founded in 2011 in San Sebastian, Spain, Enigmedia focuses on cybersecurity solutions. The company raised EUR 1.5 mn in venture funding led by Mundi Ventures in June 2016. Carlos Moro, Gerard Vidal, and Peppino Pesico are among the founders, with Brian Brammeier serving as CEO.Enigmedia specializes in cybersecurity solutions tailored to support digital transformation initiatives across various sectors. Their core offerings include advanced encryption technologies for securing sensitive data transmission and storage, along with comprehensive risk assessment tools designed to identify and mitigate potential vulnerabilities within digital infrastructures. The company’s products are utilized by a diverse clientele, including enterprises in finance, healthcare, and telecommunications, where protecting data integrity is paramount. Enigmedia’s services operate in key geographical markets, including Europe, North America, and select regions in Asia, providing robust security frameworks that address the unique compliance and security challenges faced by businesses in these areas.In 2023, Enigmedia reported revenue of EUR 509,981.2, with an EBITDA of EUR -982,413.6. The company generates revenue primarily through a subscription-based model for its cybersecurity services, allowing clients to access ongoing support and regular updates. Their flagship products, including proprietary encryption software and risk assessment tools, are offered under various pricing tiers to accommodate different organizational sizes and security needs. Engaging in direct-to-business transactions, Enigmedia establishes long-term partnerships with clients requiring tailored cybersecurity strategies, ensuring a consistent revenue stream while facilitating the integration of its solutions within clients' existing digital ecosystems.Enigmedia plans to utilize the EUR 1.5 mn raised from the recent funding round to enhance its product offerings and expand into new markets. The company is developing new cybersecurity tools aimed at addressing upcoming regulatory compliance requirements, with plans for a rollout in late 2024. Additionally, Enigmedia seeks to penetrate the Asia-Pacific market, aiming for a presence in Australia and New Zealand by 2025, to meet the growing demand for robust cybersecurity solutions.

## Funding rounds

- Seed, Oct 7, 2013, $0.4M — Gestion de Capital Riesgo del Pais Vasco

## Investors

- Gestion de Capital Riesgo del Pais Vasco (https://capitalatlas.ai/funds/gestion-de-capital-riesgo-del-pais-vasco) — Seed