Paris Cybersecurity Startup Filigran Secures $35M Series B to Expand Global Reach and Enhance AI Solutions
October 29, 2024The company has attracted notable clients, including the FBI, Airbus, and the European Commission, demonstrating its credibility in the cybersecurity landscape.
Filigran's strategy focuses on increasing brand recognition and product offerings in the U.S. market, which accounts for 75% of global cybersecurity spending.
Filigran, a Paris-based cybersecurity startup, has successfully raised $35 million in a Series B funding round, bringing its total funding to over $56 million since its founding in 2022.
OpenCTI is an open-source threat intelligence platform that aggregates and enriches threat data from various sources, helping organizations manage cyber threats effectively.
The XTM suite is designed to help organizations understand their threat environments, anticipate incidents, and reduce response times.
Founded by Samuel Hassine and Julien Richard, Filigran has quickly gained traction in the cybersecurity sector, previously securing $16 million in a Series A round.
With the backing of Insight Partners, a major investor, Filigran aims to enhance its market presence in the U.S., particularly among federal agencies and large financial institutions.
The new funding will facilitate Filigran's expansion into the U.S., Australia, Japan, and Singapore, targeting the lucrative cybersecurity market.
The company is developing an extended threat management (XTM) product portfolio that integrates its main product, OpenCTI, with the OpenBAS attack simulation tool.
Filigran plans to incorporate AI-powered features into its products to improve data structuring and automate complex processes.
Filigran's customer retention rates reflect strong satisfaction with its solutions, and the company plans to expand its workforce from 83 to over 150 employees.
The funding will also support innovation efforts, including a dedicated team for data engineering and AI to enhance existing solutions and improve data correlation.
Summary based on 6 sources
Get a daily email with more Startups stories
Sources
TechCrunch • Oct 28, 2024
Filigran secures $35M for its ceybersecurity threat management suite | TechCrunchSecurityWeek • Oct 28, 2024
Filigran Secures $35M Investment to Disrupt Threat IntelHelp Net Security • Oct 28, 2024
Filigran raises $35 million to drive global expansion - Help Net SecurityTech.eu • Oct 28, 2024
Filigran bags $35M Series B to boost global expansion and product innovation