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Paris Cybersecurity Startup Filigran Secures $35M Series B to Expand Global Reach and Enhance AI Solutions

October 29, 2024
Paris Cybersecurity Startup Filigran Secures $35M Series B to Expand Global Reach and Enhance AI Solutions
  • The 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


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