Eye Security, a The Hague-based European cybersecurity platform, has raised €60M in Series C funding led by Sofina, with participation from TIN Capital, J.P. Morgan Growth Equity, and Bessemer Venture Partners. The company combines AI-powered Managed Detection and Response, 24/7 human-led security operations, incident response, and in-house cyber insurance underwriting for mid-market European firms. The capital will support European expansion and deeper AI capabilities.
NIS2 Rules Drive Mid-Market Upgrades
The timing aligns with the EU's NIS2 directive rollout, which mandates stricter cybersecurity across 18 critical sectors. Arctic Wolf has raised roughly $899M total, while Coalition secured over $500M and Huntress raised $298M. Eye Security's bundled MDR-plus-insurance model targets European mid-market gaps that US-focused rivals have not addressed with EU data residency.
Rising Incident Volume Strains SMEs
Eye Security's 2026 Trend Report examined 630 cyber incidents across Europe, with manufacturing accounting for 18.6% and real estate for 12.1%. Business email compromise appeared in 70% of cases, and average ransomware demands reached $613,000. Traditional solutions leave mid-market firms exposed because they require separate vendors for detection, response, and insurance.
Integrated MDR and Insurance Model
Eye Security offers Cyber Guard tiers that bundle 24/7 monitoring, rapid incident response averaging four minutes, and in-house underwriting that can qualify and insure companies within 24 hours. This differs from Arctic Wolf and Huntress, which focus on operations without native insurance, and Coalition, which operates primarily in the US.
As Job Kuijpers, CEO, noted:
"The cyber transition will not slow down. Neither will we."
Sofina Backs European Expansion
Sofina, a Brussels-based family investment firm, led the round and joins existing investors with strong sector conviction. The profile signals continued growth capital for scaling across BENELUX and DACH regions while deepening AI-driven detection.
European Cybersecurity Market Scales
The European cybersecurity market stands at roughly $69.8B and is projected to reach $115.7B by 2031 at a 10.6% CAGR. Global MDR spending is expected to grow from $4.2B-$6.2B today to between $8.6B and $17.6B by 2030-2031. NIS2 compliance pressure and insurer withdrawal from cyber coverage create structural demand for integrated EU-native offerings.
Ex-AIVD Founders Bring Intelligence DNA
Three founders previously served at the Dutch National Security Service (AIVD), giving the company government-grade threat intelligence expertise applied to commercial mid-market needs.
Funding Fuels AI and Geographic Push
Proceeds target expansion into additional European markets alongside continued investment in AI detection and engineering teams.