Acoru, a cybersecurity firm based in Madrid, Spain, has recently come out of stealth mode after securing €4M in Seed funding in 2023.

The funding round was led by Adara Ventures and Athos Capital, paving the way for the company to gear up for its next Series A funding round scheduled for 2026.

Co-founded by Pablo de la Riva Ferrezuelo and David Morán, Acoru specializes in fraud and scam detection by providing a robust cybersecurity platform that utilizes generative AI, advanced analytics, and a customizable intelligence network. The platform is designed to detect early fraud signals, identify mule accounts, and prevent money laundering. Acoru’s system focuses on detecting mule accounts through pre-fraud indicators and ongoing monitoring and classification of account types to anticipate omnichannel fraudulent activities, offering financial institutions a proactive defense mechanism against evolving threats.

Stay tuned for more updates from Acoru as they continue to make strides in the cybersecurity industry.