Cybersecurity startup Sentryo pulls in €10m for its Series A

Sentryo, a cybersecurity platform, has pulled in €10m in in its Series A round of funding.

The capital round was raised during two stages, with Sopra Steria and BNP Paribas Développement investing in the first half of 2018 and Omnes and Alliance Entreprendre deploying capital in November.

Breed Reply, ACE Management, and Kreaxi, which all participated in the company’s seed round, also took part in the Series A. To date, the company has raised a total of €13m in equity.

Founded in 2014, Sentryo offers organisations with the ability to transform industrial operations to better handle cyberattacks. Its platform is able to give insights into control systems, better detect anomalies and boost response to attacks.

Through the new wave of funding, Sentryo is looking to increase expansion in Europe and North America, as well as bolster its technology.

Arnaud Cailleau cybersecurity vice president Sopra Steria said, “Corporations are facing a great challenge when trying to extend their cybersecurity best practices to their industrial infrastructures.

“Technology designed to protect IT systems from cyberattacks cannot cope with the specificities of industrial systems. We also need security solutions that professionals can use in their process control and industrial maintenance workflows. By putting OT staff at the front line of defence and giving them the tools to collaborate with IT experts, Sentryo is making a huge contribution to the protection of our industries.”

Earlier in the year, BNP Paribas launched an investment fund which would look to make minority stakes into startups. The bank is looking across cybersecurity, AI, data and blockchain spaces for investments.

BNP recently led a $30m funding round into Digital Reasoning, a company using AI to better understand human intentions and behaviours.

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