Italy-based Equixly has raised €10
million in Series A funding to scale its proprietary agentic AI hacking
platform. The round was led by 33N Ventures and joined by Alpha Intelligence
Capital, with additional participation from existing investors JME Ventures,
360 Capital and Fondazione Cassa di Risparmio di Firenze.
Founded in 2022 by brothers and serial
entrepreneurs Mattia and Alessio Dalla Piazza, alumni of IBM, UniCredit and
Accenture, Equixly is a penetration testing platform built for the scale and
complexity of today’s API-driven web.
As organisations rely more on APIs,
existing security methods are struggling to keep up with fast-evolving, complex
threats. Manual penetration testing is thorough but costly and hard to scale,
while automated scanners are easier to run but often miss business-logic flaws,
where attackers exploit normal workflows to steal data, hijack accounts or move
funds. This forces organisations to choose between scalability and depth of
security.
Equixly identifies up to 80 per cent
more vulnerabilities than standard Dynamic Application Security Testing (DAST)
tools at the development stage and, by mapping a company’s entire API
landscape, can reveal the 10–20 per cent of “shadow” endpoints that enterprises
are often unaware of, while keeping false positives below 1 per cent. This
enables teams to focus on resolving real issues rather than investigating false
alarms.
The platform uses proprietary AI
agents to continuously detect vulnerabilities across the software development
lifecycle and to automate complex API security testing. It embeds into existing
systems, is designed to meet compliance and security requirements, and
integrates directly into CI/CD pipelines.
Once deployed, Equixly’s agents
monitor how each application is used, infer its underlying logic, and run
targeted attack simulations to identify weaknesses in a way that mirrors the
behaviour of skilled attackers.
This allows Equixly to flag issues to
teams in real time, helping developers and security teams remediate earlier,
reduce costs and improve resilience. It can also identify deep, complex
business-logic issues and edge cases, detecting hidden and emerging threats in
areas traditional scanners may miss or overlook.
Equixly was among the first to draw
attention to emerging risks related to Model Context Protocol (MCP) servers,
and its approach is expected to become increasingly important as AI-generated
code accelerates development and expands the attack surface beyond the
capabilities of traditional security tools.
Equixly’s CEO and co-founder, Mattia
Dalla Piazza, noted that with upcoming regulatory changes and the continued
rapid expansion of APIs, the need for autonomous security solutions will only
increase:
Equixly is making
advanced security testing continuous, autonomous and accessible to every
development and security team. With agentic AI infrastructure and models fully
built in-house, teams get the human-level reasoning they need at the scale
modern software demands, while ensuring maximum control over data and
preserving privacy.
Equixly is trusted by a growing group
of European businesses across banking, energy, insurance and retail, helping
them strengthen and future-proof their systems in the face of evolving threats.
The new funding will be
used to expand the team, further develop the company’s proprietary AI models
and accelerate international growth, beginning with the establishment of a UK
sales and marketing presence early next year.