# Ethiack, Lda.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ethiack-lda

- Industry: IT Security/Cybersecurity
- Headquarters: Coimbra, Portugal
- Website: www.ethiack.com
- Latest round: Seed (Dec 10, 2024)
- Investors on record: 6

## About

Founded in 2022 and based in Coimbra, Portugal, Ethiack, Lda. operates as a developer of software solutions focused on cybersecurity. Some of the firm's clients are JAMIA, Ballad App, Critical Software, Smartex.AI, etc. In December 2024, Ethiack, Lda. raised grant funding led by investors European Union, Portugal 2030, and Centro 2030. The firm as of December 2024, has 5 offices in Portugal, Angola, and Italy, and is led by its co-founders, André (0xacb) Baptista (CTO) and Jorge Monteiro (CEO).

ETHIACK specializes in providing advanced cybersecurity solutions through its core offerings, which include AI Automated Pentesting, Elite Ethical Hacking, and Attack Surface Management. The AI Automated Pentesting service conducts continuous and automated penetration testing to identify vulnerabilities across digital assets, boasting a reported accuracy of 99.50% in detecting impactful vulnerabilities and a false positive rate of less than 0.5%. Elite Ethical Hacking supplements this by deploying certified ethical hackers to conduct thorough security assessments, ensuring a comprehensive understanding of potential risks. The company’s services cater to a diverse client base across various sectors such as technology, finance, and e-commerce, helping them safeguard their digital infrastructure against external threats. 

ETHIACK generates revenue predominantly through subscription-based models and direct partnerships with clients, who engage the company for ongoing cybersecurity services. Some of the pricing plans of the firm include the Launch plan at EUR 1,790 per year, the Pro plan at EUR 3,490 per year, the Premium plan at EUR 9490 per year, etc.

The company plans to utilize the December 2024 funding to support the development of its Pentesting technology.

## Funding rounds

- Seed, Dec 10, 2024 — Explorer Investments, Startup Wise Guys, Core Angels, Amena Ventures, Start Ventures, AraLab

## Investors

- Explorer Investments (https://capitalatlas.ai/funds/explorer-investments) — Seed
- Startup Wise Guys (https://capitalatlas.ai/funds/startup-wise-guys) — Seed
- Core Angels (https://capitalatlas.ai/funds/core-angels) — Seed
- Amena Ventures — Seed
- Start Ventures (https://capitalatlas.ai/funds/start-ventures) — Seed
- AraLab — Seed