Startup Wise Guys exited from Tallinn-based TRAPMINE

Estonian accelerator Startup Wise Guys exited from Tallinn-based cyber tech firm TRAPMINE, which develops anti-malware solution. TRAPMINE was acquired by a US cybersecurity company. The buyer undisclosed.

Startup Wise Guys invested in TRAPMINE in 2017. According to the public information, other investors of TRAPMINE were co-founder of the Danish Nordic secondary fund Peter Sandberg and business angel from Denmark Lars Neupart.

In addition, TRAPMINE participated in Startup Wise Guys's SaaS program, which took place in Riga at the end of 2017. During the acceleration program, the startup received €20K.

Founded in 2017 by entrepreneurs from Turkey Celil Unuver and Yasin Surer,  AI-powered TRAPMINE provides endpoint protection against malware, exploit attempts, file-less malware, ransomware, and other forms of targeted attacks. Instead of pre-defining and statically detecting attacks, the solution determines the techniques used by the attacks and blocks them. Trapmine's team also developed ThreatScore, a machine learning-powered malware detection engine, which can identify known and never-before-seen malware. 

The company had three offices: in Tallinn, Riga, and Izmir (Turkey).

Launched in 2012, Estonian Startup Wise Guys is an accelerator that invests in early-stage startups from the Baltic, Central European, and African regions. It has invested in more than 350 startups and had 13 exits. Startup Wise Guys typically invests up to €500K per startup through multiple funds, which manage €45M and are backed by more than 150 investors. The CEO of Startup Wise Guys is Сristobal Аlonso. Previous notable exits from the Estonian accelerator's portfolio include VitalFields, (acquired in 2016 by Climate Corporation), StepShot (acquired in 2019 by UiPath), and Vochi (acquired in 2021 by Pinterest).