Eye Security
Eye Security is a Netherlands-based managed detection and response provider that bundles 24/7 MDR, incident response, and threat intelligence with in-house cyber insurance for mid-market European businesses.
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Eye Security, founded in 2020 by veterans of the Dutch intelligence and security services, provides managed detection and response, incident response, and threat intelligence to small and mid-sized organizations across the Netherlands, Germany, and Belgium. Its target customers — companies with up to roughly EUR 250 million in annual turnover, including local governments, hospitals, and manufacturers — are typically too small to staff a dedicated SOC but face the same ransomware and business-email-compromise threats as large enterprises.
What distinguishes Eye Security’s model is bundling: rather than selling MDR and cyber insurance as two separate purchases from two separate vendors, the company delivers standardized security monitoring and in-house-underwritten cyber insurance together for a fixed monthly fee. The pitch is that continuous monitoring reduces claim frequency and severity, which lets Eye Security offer coverage terms that are harder to get from traditional insurers who have been pulling back from cyber underwriting as claims rise. This is a distribution and business-model choice, not primarily an insurance company that happens to sell some security tooling — the core service is MDR and incident response, with insurance as an integrated value-add built on top of that monitoring relationship.
The company has raised roughly $61.5 million across three rounds, most recently a EUR 60 million Series C led by Sofina in June 2026 with participation from earlier backers J.P. Morgan Growth Equity Partners, Bessemer Venture Partners, and TIN Capital — a well-known, easily verified investor syndicate. For CISOs at mid-market European firms, Eye Security is worth evaluating as a single vendor for both continuous monitoring and cyber risk transfer, with the caveat that combining a security vendor and an insurer under one roof concentrates that relationship in ways a buyer should weigh against sourcing MDR and insurance independently.
Innovation Matrix Assessment
Eye Security has expanded from a single-country MDR provider founded in 2020 to operations across the Netherlands, Germany, and Belgium with an integrated insurance product, showing steady geographic and product expansion over roughly six years rather than a single static offering.
As a combined MDR-plus-insurance operator, Eye Security has to run both continuous security monitoring and underwriting discipline simultaneously; the size of its Series C (EUR 60M) and multi-country footprint suggest it has scaled its delivery team accordingly, though independent SOC performance metrics were not found.
The EUR 60 million Series C led by Sofina (June 2026), bringing total raised to roughly $61.5 million across three rounds with backers including J.P. Morgan Growth Equity Partners and Bessemer Venture Partners, is confirmed by more than five independent outlets (Fintech Global, Techzine, TradingView/Reuters, SecurityDelta.nl) -- strong, well-corroborated momentum.
Bundling continuous MDR monitoring with in-house-underwritten cyber insurance in a single fixed-fee product is a distinct go-to-market model compared to buying detection and coverage from two separate vendors, though the underlying detection technology itself is a fairly conventional MDR stack.
Eye Security has been founded by former Dutch intelligence and security service personnel and has scaled to serve local governments, hospitals, and manufacturers across three countries with institutional-grade investors doing due diligence through three funding rounds; no independent MITRE-style detection benchmark was found, so efficacy is inferred from investor and market validation rather than a third-party technical evaluation.
Continuous MDR plus integrated cyber insurance directly addresses the reality that mid-market European firms increasingly cannot get affordable standalone cyber coverage as traditional insurers pull back from the category, making this a relevant, timely offering for that specific buyer segment.
Why CISOs Should Care
Mid-market CISOs and risk owners who need both 24/7 detection coverage and defensible cyber insurance, but lack the budget or staff to source and manage both separately, get a single vendor relationship where the insurer has direct visibility into (and financial incentive to improve) the security monitoring quality.
What Makes It Different
Unlike MDR vendors that partner loosely with third-party insurers, Eye Security underwrites its own cyber insurance in-house and ties it directly to its MDR service, aligning the incentives of the monitoring provider and the risk-bearer in a way arm's-length MDR-plus-insurance-broker arrangements do not.
The Matrix Verdict
65/100 — INCREMENTAL INNOVATOR
A well-funded, well-corroborated MDR-plus-insurance model addressing a real mid-market gap in Europe; the bundled model is a genuine differentiator, though buyers should weigh the concentration of security monitoring and risk transfer in a single vendor relationship.
Editorial Note: Claims vs. Verified Findings
Independently verified: founding year, HQ, funding rounds and amounts (including the EUR 60M Series C led by Sofina and prior investors J.P. Morgan Growth Equity Partners and Bessemer Venture Partners) are corroborated across at least five independent press outlets. Vendor-sourced and unverified: specific claims about detection efficacy, response-time SLAs, or claim-reduction outcomes from bundling insurance with monitoring were not found in independent form and come only from company materials.
Sources
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