Cybersecurity startup Axoflow has raised €6.7 million ($7 million) in a seed funding round led by EBRD Venture Capital, with continued backing from Credo Ventures and e2vc. The company, co-founded by Balázs Scheidler, has developed an AI-powered security data curation pipeline designed to help enterprises manage and optimize massive volumes of security data more efficiently.
Axoflow’s platform, powered by AxoRouter, eliminates manual coding by automating data collection, transformation, and routing at a carrier-grade scale. Scheidler explained that over 50% of security data collected by enterprises is never accessed or used, yet organizations pay high costs to store it in SIEMs (Security Information and Event Management) systems. The Axoflow Platform reduces this data load by filtering and refining it, leading to over 50% cost savings while ensuring that the most relevant security insights remain actionable for SOC (Security Operations Center) teams.
With a focus on highly regulated industries such as government, healthcare, telecom, energy, and finance, Axoflow is already working with a large U.S. government organization and a global telecommunications company. Following this investment, the company plans to expand further in the U.S. market and will participate in RSA Conference in April and the Gartner Security and Risk Summit in June to strengthen its industry presence.
