Published by Jessica Weisman-Pitts
Posted on October 1, 2024
Acquisition adds Artificial Intelligence (AI)-driven Network Detection & Response (NDR) capabilities to Logpoint’s Security Information and Event Management (SIEM)-based Cyber Defense Platform.
COPENHAGEN & LONDON, 1 Oct. 2024 – Logpoint is announcing the acquisition of the Danish cybersecurity company Muninn, an AI-driven Network Detection & Response provider, to meet the growing demand for advanced visibility to detect and respond to cyber threats efficiently. The acquisition bolsters Logpoint’s Security Information and Event Management (SIEM)-based Cyber Defense Platform with Artificial Intelligence (AI)-driven Network Detection & Response (NDR) and marks Logpoint’s next step on the way to becoming a European cybersecurity powerhouse, delivering regional access to high-value security outcomes.
“Geopolitical unrest, shortage of cybersecurity talent, and commoditisation of malware have made the cybersecurity landscape more complex. Organisations and MSSPs need a multi-layered approach to cybersecurity to detect and respond effectively to threats. With Muninn, we can enhance our offering,” says Mikkel Drucker, Logpoint CEO. “Together, we add more value to our customers and MSSP partners by drastically improving their chances of preventing cyberattacks through the beneficial combination of AI-driven NDR, SIEM, and automation. We accelerate the innovation of AI-enabled products to advance security posture and minimise cyber risk, and we unite complementary competencies from our respective teams.”
The combined offering significantly improves visibility and Threat Detection, Investigation, and Response (TDIR), increasing the chances for organisations and Managed Security Service Providers (MSSPs) to safely navigate the complex threat landscape. Gartner reports that organisations integrating SIEM, NDR, and Endpoint Detection and Response (EDR) respond to incidents 50 percent faster. Muninn’s NDR solution will augment Logpoint’s Cyber Defense Platform with comprehensive network visibility, enhance TDIR, and enable customers to prevent cyberattacks in real time. In addition, Logpoint solutions integrate easily with other cybersecurity products, allowing customers to bring their own EDR to achieve complete visibility across environments.
“We invested in Logpoint to secure digital society and to support UN Sustainable Development Goals (SDG) number nine aimed at building a resilient infrastructure and number 16 promoting effective, accountable and transparent institutions and public access to information,” says Jacob Frandsen, Partner at Summa Equity, majority owner of Logpoint. “Muninn supports the same SDGs as Logpoint. Together, they will amplify the impact, and it’s a significant step on the route for Logpoint to becoming a European cybersecurity powerhouse, improving cyber resilience across Europe.”
Logpoint has established a Labs team spearheaded by CTO Christian Have to drive security research and AI innovation projects to make it easier for organisations and MSSPs to navigate cyber threats and risks. Muninn’s talented AI professionals and technologies will enrich the pursuits of Labs. The entire Muninn team, including Muninn CEO and Founder Andreas Wehowsky, joins Logpoint. Wehowsky has an MSc in computer science and aerospace engineering from MIT and more than 20 years of experience with AI and Machine Learning (ML) implementations and enterprise IT projects.
“We’re excited to join Logpoint and increase our ability to help mid-sized organisations become more resilient,” says Wehowsky. “Many companies face challenges with limited cybersecurity staff, making it hard to meet security needs and protect their business. By teaming up with Logpoint, we can boost our impact and make it easier for security teams to defend against cyberattacks, allowing organisations to focus on what really matters. Ultimately, that’s what’s needed to protect the vital digital services and infrastructure we all depend on.
Logpoint is the largest SIEM vendor in Europe. On top of SIEM, Logpoint offers automation, case management, and behavior analytics capabilities to help organisations and the MSSPs who serve them detect, investigate, and respond to cyber threats and comply with NIS 2, GDPR, and other data and cybersecurity regulations. Logpoint solutions are built to comply with European laws and protect data. For example, Logpoint is the only European SIEM vendor with a Common Criteria EAL3+ certification required by NATO organisations, demonstrating that its systems are robust and prepared for emerging threats.
About Logpoint
Logpoint helps organisations and partners protect against cyber attacks and streamline security operations by combining sophisticated technology and a profound understanding of customer challenges. Logpoint’s Cyber Defense Platform based on SIEM, Automation, Case Management, and Behavior Analytics technologies empowers European organisations to achieve security outcomes across any premise through high-quality data, continuously updated security content, flexible deployment options, and industry-best predictable licensing. Headquartered in Copenhagen, Denmark, Logpoint has a European foundation and is the only European SIEM vendor with a Common Criteria EAL3+ certification, demonstrating its strengthened focus on data protection and adherence to data and cybersecurity regulations. For more information, visit http://www.logpoint.com.
About Muninn
Muninn delivers cutting-edge cybersecurity solutions that help organisations safeguard their most valuable digital assets and infrastructures from evolving cyber threats. Leveraging advanced AI-driven technologies, Muninn’s solutions, AI Detect and AI Prevent, offer real-time network detection and response capabilities that enable businesses to proactively identify and mitigate cyber risks. Customers benefit from enhanced visibility into their networks, faster threat detection, and a powerful defense against both known and unknown cybercriminal tactics, minimizing potential damage and ensuring operational resilience. Founded in 2016 by engineers and computer scientists from Massachusetts Institute of Technology (MIT), Muninn has rapidly transformed the cybersecurity landscape. Headquartered in Copenhagen, Denmark, Muninn boasts a diverse team of experts committed to pushing the boundaries of innovation. With a focus on professional development and collaboration, Muninn continues to be a forerunner in AI-powered cybersecurity solutions, delivering reliable protection in an ever-changing threat environment
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