Sekoia.io, a Cybertech firm based in Paris, France, has successfully amassed €35m in a recent round of funding.
The company is a key player in the cyber security industry, known primarily for its innovative Sekoia.io XDR (eXtended Detection & Response) platform, which enables real-time cyber-attack detection.
In this funding round, the firm managed to secure backing from a mixture of new and existing investors. Banque des Territoires and European investor Bright Pixel (formerly known as Sonae IM) stepped in as new investors, while Sekoia.io’s historical investors, including Omnes Capital, Seventure, and BNP Paribas Développement, recommitted to their backing. This €35m injection comes after an earlier €10m funding round in 2020.
Sekoia.io was launched to tackle a growing need within the cyber security space: real-time cyber threat detection. The company was born out of a lack of effective alert correlation tools available to operational security teams in 2015.
After five years of intensive research and development, Sekoia.io’s eponymous platform hit the market in 2020. The platform is designed to offer robust protection against increasingly sophisticated cyber threats, owing to a cyber threat intelligence service created by the company’s research team. Additionally, Sekoia.io champions interoperability, integrating customers’ existing cyber solutions to present a unified control tower.
The funding will serve to bolster Sekoia.io’s already impressive presence in the cyber security industry. With a current workforce of about 100 employees and recording 250% growth in turnover for the last two years consecutively, Sekoia.io aims to safeguard more than 3.5 million employees across Europe within the next 24 months.
Freddy Milesi, CEO of Sekoia.io said, “Since the public launch of our platform in 2020, Sekoia.io’s technology has proven its worth to the security teams of major CAC40 companies, large European and French administrations, as well as major players in managed security services.
“Thanks to the confidence of our investors and partners, we now wish to widely distribute our innovative technology in order to become the leader in cyber detection and response in Europe.”
Ballerine, a leading player in the open-source risk decisioning platform arena, recently announced a successful seed funding round.
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