Czech Safetica received $1.6 and is preparing for a large foreign expansion

Published: 03.06.2020 Related countries:  U.S.A. U.S.A.

Czech Safetica received $1.6 and is preparing for a large foreign expansion

Safetica operates in the field of so-called data loss prevention, ie the prevention of data leakage from companies. The company has currently received $1.6M of the new investment round, despite the coronavirus crisis, and is fully embarked to foreign expansion. Safetica has grown by 60 percent since January and expects its sales to double year-on-year this year, with foreign countries accounting for more than two-thirds. The company is definitely not going to slow down and is investing a lot in growth, while profitability is currently on the sidelines. The long-term plan of the Brno security company is to build a strong global brand, which, in addition to customers, will also be known by industry specialists. After years during which the team has built a strong position, the plan of the company is to accelerate the growth by acquisitions, especially in Latin America, Japan, New Zealand, Canada and undoubtedly in the United States.

Source: https://www.czechcrunch.cz/2020/06/brnenska-safetica-chrani-firmy-pred-unikem-dat-ted-ziskala-40-milionu-korun-a-chysta-velkou-zahranicni-expanzi/

 

Prepared by the team of foreign office CzechTrade San Francisco