Dutch startup Eye Security, led by a group of intelligence and security experts, has secured €36mn in funding. The Hague-based company provides cyber protection, incident response, and cyber insurance services to small-to-medium sized companies. The funding round, led by JPMorgan, brings their total raised amount to €57.5mn, enabling the company to strengthen its presence in the Netherlands, Germany, and Belgium, and expand into other European nations. Eye Security aims to focus on protecting smaller firms, acknowledging their vulnerability to cybersecurity attacks due to limited budgets for in-house cybersecurity teams. The company's CEO, Job Kuijpers, emphasized the need for better security solutions and insurance coverage for businesses. The increase in cybercrime, as seen through ransomware attacks, has prompted EU regulators to update security directives, creating opportunities for companies like Eye Security. The company's scalable platform aims to fortify businesses against cyber threats and provide quick insurance coverage. This development comes at a crucial time as businesses are facing more stringent reporting requirements and penalties for security breaches. Eye Security's innovative approach and solutions position them as key players in the fight against cybercrime in Europe.