Louhos Solutions starts collaboration with leading cyber security experts
Press release from ICT Oulu
TECHNOLOGY START-UP LOUHOS SOLUTIONS RAISES FUNDING FROM LEADING CYBER SECURITY EXPERTS, REVEALS THE NEWLY PUBLISHED PRESS RELEASE.
In security and property technology field operating start-up Louhos Solutions raises funding for fueling its growth and internationalisation. Their group of investors have grown with Risto Siilasmaa’s First Fellow and with T2AB.VC, backed by big technology names such as Mikko Hyppönen, Tomi Tuominen and Henri Lindberg.
LOUHE technology was launched in September 2022 by Louhos Solutions Oy. It creates better awareness of security vulnerabilities, regardless of the source system, describes Hannes Huotari, the CTO and Founder of Louhos Solutions. “With our technology, we can help our customers to utilize the full potential of the physical security systems they already have in use.” Huotari continues.
Cyber security business is getting more and more relevant in today’s world. Also for the Louhos Solutions, the market potential is significant. There’s very high demand for security and data analysing technology, which examines multiple source systems simultaneously. Today, as every business is a data business, also cyber- and physical security are blending in.
Both Risto Siilasmaa from First fellow, and Jukka Laakso, the CEO and Founder of Louhos Solutions are looking forward to the future. The excitement for the possibilities of this cooperation is clear to see from the press release. “With this funding round and added expertise to our team, we are ready to take the next leap to growth and internationalisation”, adds Laakso.
See the whole original press release below.
LEADING CYBER SECURITY EXPERTS TO ACCELERATE GROWTH AND INTERNATIONALISATION OF LOUHOS SOLUTIONS OY
Security and property technology start-up Louhos Solutions raised funding from a group of distinguished investors in the field of cyber security to fuel its growth and internationalisation. The company’s active and knowledgeable investor base is strengthened with Risto Siilasmaa’s First Fellow and with T2AB.VC, backed by cyber technology pioneers Mikko Hyppönen, Tomi Tuominen and Henri Lindberg.
Louhos Solutions Oy launched their LOUHE technology in September 2022. “LOUHE creates better situational awareness, recognition of deviations and detection of security vulnerabilities for relevant user groups regardless of the source system. Our LOUHE technology is powered by Explainable AI. With our technology, we can help our customers to utilize the full potential of the physical security systems they already have in use. LOUHE gives security and property management the tools and understanding they need in their day-to-day work and decision making, in the same way as cyber security solutions have been able to provide for quite some time already”, elaborates Hannes Huotari, the CTO and Founder of Louhos Solutions.
The market potential for Louhos Solutions is significant. There is a huge demand in the market for a solution that analyses security and property system data from multiple source systems simultaneously. Physical and cyber security are constantly being driven closer to each other and this trend will only highlight the need for a solution like LOUHE. It is estimated that the size of the global security market will reach 250 billion euros in 2024, of which the European market will account for about 46 billion euros.
”We were intrigued by the LOUHE technology that utilises data analytics in physical security in a similar fashion that it is utilised in cyber security”, says Risto Siilasmaa from First Fellow.
”We are extremely happy to be able to further reinforce our strong group of investors with internationally renowned professionals, who want to have an active role in taking our company forward. With this funding round and added expertise to our team, we are ready to take the next leap to growth and internationalisation”, states Jukka Laakso, the CEO and Founder of Louhos Solutions.
Contact
Jukka Laakso, CEO, +358 40 060 1436, [email protected]
Hannes Huotari, CTO, +358 50 485 8597, [email protected]
Originally published on 12 January.
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