CounterCraft's Threat Deception Platform deceives cyberattackers into decoy architectures and records detailed data about how, what, when and where attackers attempted to penetrate a client's systems. The platform harvests intelligence from assets such as WiFi, SWIFT, email accounts and social media and can automatically convert that harvested data into proactive responses. The company describes its approach as “proactive defense” and adopts a Know‑Your‑Attacker stance to improve the quality of intelligence gathered. CounterCraft serves clients across Western Europe and North America, particularly national defense and intelligence departments, financial institutions and large enterprises. Founded in 2015 and headquartered in San Sebastian with offices in Madrid and London, the startup plans to expand its presence with sophisticated, large clients in the U.S. and European markets. Financially, CounterCraft recently raised $5 million in a funding round led by Adara Ventures. Countercraft develops online counterintelligence tools for the cybersecurity market, offering three types of licenses based on the number of campaigns customers run. The company was accelerated in Wayra UK and Wayra Madrid invested in the business. Its client base includes more than 20 Fortune 500 companies. Countercraft has about 20 employees and was founded two years before the article by three partners, including David Barroso and Fernando Braquehais. The startup has raised funds to develop its technology and expects first-year revenue of €1 million, with a 2018 revenue target of €3–4 million. It plans to use new capital to expand internationally across Europe, the Middle East and the United States. Countercraft develops automated online counterintelligence tools that create credible lures and false information to manipulate and monitor attackers. Its platform is sold via three types of licenses depending on the number of campaigns a customer wants to run. The company was founded two years earlier by three security specialists including David Barroso and Fernando Braquehais. Customers include more than 20 Fortune500 companies, and for its first fiscal year Countercraft expected to generate €1 million in revenue. The company planned to expand into new European countries and the Middle East in 2018 with a revenue target of €3–4 million. Countercraft operates from offices in London and Madrid. CounterCraft develops deception‑based counter‑intelligence cybersecurity solutions that use techniques and tools to detect, discover and manipulate attackers. The company runs counterintelligence campaigns aimed at detecting and neutralizing espionage and cybercrime operations. Founded in September 2015 by David Barroso (CEO), Dan Brett (CMO) and Fernando Braquehais (Software Architect), it was winner of the INCIBE acceleration program. CounterCraft has previously received financing from CDTI (via the Ministry of Economy and Competitiveness) and from BicGipuzkoa through SPRI. In July 2016 the company closed a €1 million venture capital round to accelerate product development and support international expansion.

Total raised

$9M

Funding rounds

4

Latest round

Equity

Latest activity

Jun 2020