Fyde reinforces our cybersecurity portfolio

Fyde, a disruptive US startup with a Portuguese DNA that wants to revolutionize the way users remotely access to their company’s servers, just closed a €2M post-seed round co-led by top VC investors Draper Nexus and Vertex Ventures, and subscribed by Bright Pixel, Portugal Ventures and Wells Fargo.

Forget the complex, traditional VPN access and concerns about data breaches — yours and your clients’. Fyde introduces an innovative solution that changes the current paradigm and bridges the inefficiencies in remote access, adapting to the companies’ hybrid — cloud and on-premise -, decentralized and increasingly complex architectures. By using Zero Trust Security model, Fyde’s software also assures that all users are trusted and have verified access to the server.

After two years of product development, by an engineering team based in Oporto, with the support of VC funds Draper Nexus and Vertex Ventures, Fyde now closes its second funding round.

“Fyde’s team is very excited to include Portuguese investors as part of the project. This investment will help Fyde grow Oporto’s team with more talent in engineering, product and sales, in order to achieve a sustainable growth. Since most of Fyde’s team is based in Oporto, we are counting on Bright Pixel to help us get further involved in the Portuguese company ecosystem, as well as to support us in our European go-to-market strategy”, says Luísa Lima, Fyde’s VP of Engineering.

Bright Pixel thus closes its second round of investment in a US startup and strengthens its cybersecurity portfolio. Celso Martinho, co-founder and CEO of Bright Pixel, explains that “Fyde has a disruptive solution, that complements the startups in which we have invested and followed, and an extraordinary team of serial entrepreneurs, with a strong knowledge of the industry and the ambition to take the software to the most diverse sectors of activity. We’re looking forward to follow Fyde this growth stage”.