{"id":141455,"date":"2024-07-23T18:51:02","date_gmt":"2024-07-23T16:51:02","guid":{"rendered":"https:\/\/startupbusiness.it\/cdp-vc-and-cy4gate-together-for-sme-cybersecurity\/141455\/"},"modified":"2024-07-23T18:56:41","modified_gmt":"2024-07-23T16:56:41","slug":"cdp-vc-and-cy4gate-together-for-sme-cybersecurity","status":"publish","type":"post","link":"https:\/\/www.startupbusiness.it\/en\/cdp-vc-and-cy4gate-together-for-sme-cybersecurity\/141455\/","title":{"rendered":"CDP VC and Cy4Gate together for SME cybersecurity"},"content":{"rendered":"\n

CDP Venture Capital SGR<\/strong>, the investment vehicle headed by CDP Equity (70%) and Invitalia (30%), through the Fondo Boost Innovation, a corporate venture building tool that co-creates new businesses with medium and large-sized companies, and Cy4Gate<\/strong>, a cybersecurity and cyber intelligence company listed on the Euronext Milan STAR segment, announced today that they have signed binding agreements to enter into a strategic partnership through the establishment of a joint venture<\/strong> with headquarters in Rome.<\/p>\n\n

The fledgling company will offer complete solutions, from data collection and risk assessment to recovery plans in the event of cyber-attacks, for cybersecurity dedicated to the Italian SME segment, through an end-to-end approach capable of guaranteeing the highest level of risk protection.<\/p>\n\n

In addition to cybersecurity services, the launch of a dedicated cyber insurance product, specifically designed for SMEs, is planned, which will provide comprehensive coverage against cyber risks.<\/p>\n\n

The company, whose governance will be equally divided between the two partners, will be led by Guglielmo Carsana, as managing director with experience as a manager at companies in the IT sector and as an entrepreneur in the insurance industry.<\/p>\n\n

The company will be endowed with a total of EUR 3 million in assets and capital that can be increased up to EUR 9.5 million by the shareholders to finance its further growth.<\/p>\n\n

The market for cybersecurity services for SMEs is growing strongly, with projections of more than EUR 750 million in 2028, on trend with the growth of attacks detected in Italy and regulatory innovations in Europe. This growing need clashes with the scarcity of turnkey solutions aimed at the SME segment, which often lack the in-house expertise for effective internal risk management. At the same time, although less than 5% of SMEs in Italy have cyber insurance, the sales volumes of cyber insurance products in Italy are growing strongly, with a CAGR of 35-40% in the last five years (sources: Eurostat; Statista; Clusit Report 2023; McKinsey Expert Interview; Regulatory Web Site Politecnico di Milano – Observatory cyber security Data protection, quoted in the press release). <\/p>\n\n

Agostino Scornajenchi, Managing Director and General Manager of CDP Venture Capital SGR comments in the note: ‘We are delighted to announce the partnership with Cy4Gate that leads to the launch of this new reality dedicated to providing cybersecurity solutions to Italian SMEs.<\/strong> At a time when digital threats are constantly evolving, it is crucial that SMEs also have access to advanced technologies and high-level protection services. The goal we have set ourselves is to offer customised and affordable solutions that allow companies to operate safely and serenely, thus contributing to their success and to the growth of the Italian entrepreneurial fabric, in the conviction that every company, regardless of its size, deserves to be protected with the utmost care and competence’.<\/p>\n\n

Emanuele Galtieri, CEO and general manager of Cy4Gate Group adds: ‘We are very proud and satisfied with the path that has led us to create a strategic alliance with CDP Venture Capital, a partner that today represents a point of reference in Italy and beyond, thanks to the significant funds it manages, for national realities that intend to make innovation and digital transformation in security. <\/strong>The perception of cyber insecurity experienced by many entrepreneurs today is a topic of daily debate in every context. Our alliance marks the beginning of the creation of a tailor-made offering for domestic small and medium-sized enterprises that wish to improve their cyber security posture following a digitisation path. The customer value proposition is designed to fully address the challenges that characterise the sensitive and relevant SME market segment in the cyber domain. Cy4Gate will provide its expertise and best-of-breed technologies in a path that will enable the “democratisation” of cyber security for SMEs by giving them access to an ecosystem of services and solutions tailored for them, which are needed now more than ever”. (Photo by Icons8 Team<\/a> on Unsplash<\/a>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The CDP-led investment vehicle and Cy4Gate create a joint venture that starts with an endowment of EUR 3 million<\/p>\n","protected":false},"author":125,"featured_media":141453,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2230],"tags":[1334,1137,1467,1320],"companies":[],"journalist":[1518],"class_list":["post-141455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-cybersecurity-en","tag-italy-en","tag-sme","tag-venture-capital-en-3","journalist-editorial-staff-en"],"featured_sizes_urls":{"thumbnail":{"src":"https:\/\/www.startupbusiness.it\/wp-content\/uploads\/2024\/07\/icons8-team-OLzlXZm_mOw-unsplash.webp","width":150,"height":100,"crop":false,"srcset":false,"alt":"cybersecurity pmi"},"large":{"src":"https:\/\/www.startupbusiness.it\/wp-content\/uploads\/2024\/07\/icons8-team-OLzlXZm_mOw-unsplash.webp","width":1024,"height":683,"crop":false,"srcset":false,"alt":"cybersecurity pmi"},"2048x2048":{"src":"https:\/\/www.startupbusiness.it\/wp-content\/uploads\/2024\/07\/icons8-team-OLzlXZm_mOw-unsplash.webp","width":1280,"height":854,"crop":false,"srcset":false,"alt":"cybersecurity pmi"}},"acf":[],"yoast_head":"\nCDP VC and Cy4Gate together for SME cybersecurity<\/title>\n<meta name=\"description\" content=\"CDP-led investment vehicle and Cy4Gate create a joint venture that starts with an endowment of EUR 3M\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.startupbusiness.it\/en\/cdp-vc-and-cy4gate-together-for-sme-cybersecurity\/141455\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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Co-fondatore di Designtech, l\u2019hub di innovazione che avvicina il mondo del design con quello della tecnologia. Advisor di Austrian Business Agency, Emil Banca, Fondazione Symbola, Fondazione Quadrans. Partecipa regolarmente a incontri, convegni, conferenze dedicate all\u2019ecosistema dell\u2019innovazione. E\u2019 stato co-organizzatore degli Italian Innovation Day and Series che si sono svolti dal dal 2016 al 2020 nelle citt\u00e0 di Tokyo in Giappone, Melbourne, Adelaide, Perth, Canberra in Australia e Singapore e co-organizzatore dell\u2019Italy India Innovation Day di AIICP 2021 e 2022. Ha curato il volume \u2018L\u2019innovazione che non ti aspetti. Contesti e visioni per l\u2019impresa\u2019 , l\u2019edizione italiana di \u2018La startup digitale, guida pratica step by step\u2019 e ha scritto la prefazione all\u2019edizione italiana de \u2018La quarta era\u2019 di Byron Reese, ed \u00e8 co-autore di \u2018Cosa e Dove: strategie digitali di ricerca del lavoro\u2019, tutti editi da FrancoAngeli. 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Co-fondatore di Designtech, l\u2019hub di innovazione che avvicina il mondo del design con quello della tecnologia. Advisor di Austrian Business Agency, Emil Banca, Fondazione Symbola, Fondazione Quadrans. Partecipa regolarmente a incontri, convegni, conferenze dedicate all\u2019ecosistema dell\u2019innovazione. E\u2019 stato co-organizzatore degli Italian Innovation Day and Series che si sono svolti dal dal 2016 al 2020 nelle citt\u00e0 di Tokyo in Giappone, Melbourne, Adelaide, Perth, Canberra in Australia e Singapore e co-organizzatore dell\u2019Italy India Innovation Day di AIICP 2021 e 2022. Ha curato il volume \u2018L\u2019innovazione che non ti aspetti. 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