CounterCraft has been selected for phase 2 funding by the Horizon 2020 SME Instrument. CounterCraft will receive €1.1M funding for its project, “Intelligence campaigns in the digital realms”, through the EU’s research and innovation programme, Horizon 2020 SME Instrument. The grant will be held to accelerate the development of new features and growth of the pioneering cybersecurity deception platform, capable of detecting advanced targeted cyberattacks, obstructing the actions of attackers, and obtaining the maximum amount of information from them by successfully designing, deploying, monitoring and managing automated counterintelligence campaigns.
“Being selected and obtaining this grant from EU is an honour for CounterCraft”, said David Barroso, CEO and founder. “In less than two years the product has been deployed in F2000 clients and the company is supported by high-class venture capital, and recognized by leading institutions. Today’s highly-competitive EU product validation is an extremely valuable recognition of the vision, traction and relevance of our product”.
With nearly €80 billions of funding available over 7 years (2014 to 2020), H2020 is the biggest EU Research and Innovation programme, aimed at securing Europe’s global competitiveness. Research is without a doubt an investment for the future of EU citizens —the goal of this programme is to ensure Europe produces world-class science, removes barriers to innovation and makes it easier for the public and private sectors to work together in delivering innovation.
CounterCraft reinforces its presence in the EU
Besides the H2020 funding, and as a part of its expansion and internationalization plan (especially regarding the EU and the Middle East), CounterCraft participates in several cybersecurity-related events worldwide. In February, we exhibited at RSA Conference in San Francisco, USA, where we launched our New Distributed Deception Platform. And from the 14th to the 16th March we are exhibiting at CyberUK the National Cyber Security Centre’s inaugural flagship event, in Liverpool, UK.
In addition, CounterCraft was selected in January, along with other 6 start ups, to participate in the first edition of a three-month accelerator programme at the GCHQ Cyber Security Accelerator, in Cheltenham, UK. This accelerator was launched as a part of a national strategy regarding cybersecurity, with the aim of fighting the growing threat of cyber attacks against UK organizations.