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Contxto – You can’t put a price on data security… but you can place an investment on it.
Cybersecurity startup Kryptus recently closed R$20 million (~US$3.7 million) through the Aerospace Investment Fund (AIF). The funds will serve for the startup to scale outside of its native Brazil.
Interestingly, Kryptus has a forte that is unusual but uber important: military markets.
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Aerospace Investment Fund and startup Kryptus
Besides having a cool-sounding name, the AIF is all about startups working with tech for space, defense, aeronautical, and security industries.
Among the AIF’s shareholders is Embraer, a Brazilian conglomerate that manufactures and sells aircraft for defense, commercial, and executive sectors. It had previously employed Kryptus’ cybersecurity solutions.
In any case, the startup has the credentials to stand on its own. It’s certified as “Strategic Defense Company” (EED) by Brazil’s M ..
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