Amsterdam-based VirtualMetric, specializing in Security Data Management, secured €2.25 million in funding from TIN Capital and Auriga Cyber Ventures. The funding will accelerate product development and support customer deployment across Europe. VirtualMetric aims to tackle the challenge of overwhelming amounts of security data logs, which lead to rising costs in SIEM systems, with large enterprises spending up to $10 million annually. Their technology simplifies IT monitoring, allowing SOC teams to manage telemetry effectively and reduce operational costs significantly, driving efficiency in cybersecurity operations.
The telemetry challenge is global, and we're just getting started. We're building the foundation for the next generation of scalable, efficient, and secure cyber operations.
Organisations are collecting more security data logs, metrics, and alerts than ever before, creating a volume that is difficult to manage.
Our technology enables enterprises to route, filter, and shape data with precision, extracting more value from SIEM platforms while reducing ingestion volumes by up to 90%.
Large enterprises are spending up to $10 million annually on SIEM systems, causing high telemetry costs to limit funding for new detection and response innovations.
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