The French start-up HarfangLab wants to change gear. Two years after raising 5 million euros to finance its growth, the cybersecurity company has just completed a new round of financing with investors. It has just raised 25 million euros from Crédit Mutuel Innovation, MassMutual Ventures and Elaia, two investment funds based in Boston and Paris.
“European leader”
This sum should allow it to “become the European leader” in cyberthreat detection and response (EDR) software. A type of software supposed to take over from traditional antiviruses by, for example, being better able to spot a ransomware attack. “With this fundraising, HarfangLab wishes to continue its strategic investments to stay ahead of the cyber threat, continue to expand the functionalities of its [logiciel] EDR but also to develop in Europe and internationally,” specifies the company.
For comparison, last year, the French cybersecurity company Tehtris, which publishes the same type of software, managed to raise 44 million euros. A few months later, it was the publisher Sekoia.io which then captured 35 million euros, significant amounts which recall investors’ interest in cybersecurity.
250 customers
Certified by Anssi for its cybersecurity incident detection and response (EDR) platform, HarfangLab, with around 85 employees today, was launched in 2018. The company now boasts more than 250 clients and 800,000 support positions. work or protected servers. According to the Digital Factory, around 60% of the company’s clients come from the private sector and 40% from public organizations.
A sign of its ambitions, the company has recently distinguished itself in the recruitment field. It thus stole from Kaspersky Lab France one of its historical figures, Tanguy de Coatpont, now responsible for growing the company. HarfangLab also hired Anouck Teiller, who was responsible for strategy. The former chief of staff of Guillaume Poupard, then head of Anssi, then worked in the office of Stanislas Guerini, the Minister of Transformation and the Civil Service, before being recruited by HarfangLab.