Pistachio acquires Hugin.io

● STRATEGIC | CYBERSECURITY · GRC & Cyber Risk

SEPTEMBER 2, 2026

Pistachio acquires Hugin.io

TARGET

AI-driven cyber risk control and compliance posture platform helping SMB management teams assess exposure, monitor cloud and identity environments, and demonstrate compliance with NIS2, ISO 27001, and GDPR.

Ownership	Founder-owned · Thomas Falck, Arne Blix (angel), Innovation Norway (grant)
Capital raised	NOK 1 million
Headcount	1-10 FTEs
Headquarters	Sandnes, Norway
Sell-side advisor	—

ACQUIRER

Pistachio

AI-powered human risk management platform automating personalised security awareness training and phishing simulations for SMB and mid-market organisations.

Ownership	VC-backed · Walter Ventures, Signals VC, Idékapital, Angel Invest, MP Pensjon, J12 Ventures +1 more
Capital raised	€3.25 million
Headcount	60+ FTEs
Headquarters	Oslo, Norway
Leadership	Joe Jones, Co-founder and CEO
Buy-side advisor	—

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Pistachio -> Hugin.io  (2026-09-18)
strategic_acquisition | Cybersecurity | announced
Target: AI-driven cyber risk control and compliance posture platform helping SMB management teams assess exposure, monitor cloud and identity environments, and demonstrate compliance with NIS2, ISO 27001, and GDPR.
Website: hugin.io | Buyer site: pistachioapp.com
HQ: Sandnes, Norway | Ownership: founder-owned | Buyer ownership: vc-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/pistachio-hugin-io.html

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