Sekoia.io, a European cybersecurity company that develops the Sekoia.io XDR (eXtended Detection & Response) platform, has raised €35M in a Series B funding round led by Bright Pixel (formerly Sonae IM), with participation from existing investors Omnes Capital, Seventure and BNP Paribas Développement. The funding will be used to accelerate Sekoia.io’s growth and expansion into new markets.
Sekoia.io was founded in 2015 by a team of cybersecurity experts who saw the need for a more effective way to detect and respond to cyberattacks. The company’s XDR platform combines real-time threat intelligence with advanced machine learning to provide a comprehensive view of the cyber threat landscape. This allows security teams to quickly identify and respond to threats, even those that are new or sophisticated.
“We are excited to partner with Bright Pixel and our other investors to accelerate our growth and expansion,” said Freddy Milesi, CEO of Sekoia.io. “This funding will allow us to bring our innovative XDR platform to more organizations around the world, helping them to protect themselves from the ever-growing cyber threat landscape.”
“We are impressed by the team at Sekoia.io and their vision for the future of cybersecurity,” said Fernando Martins, Managing Director at Bright Pixel. “Their XDR platform is a game-changer, and we believe it has the potential to revolutionize the way organizations protect themselves from cyberattacks.”
Sekoia.io’s XDR platform has been deployed by a number of leading organizations, including several Fortune 500 companies. The company has also been recognized for its innovation, winning several awards, including the Cyber Defense Magazine Global InfoSec Awards’ Best New Product of the Year in 2022.
“Sekoia.io is one of the most innovative cybersecurity companies in Europe,” said Fabien Collangettes, Managing Director at Omnes Capital. “We are proud to support the company’s growth and expansion, and we believe it has the potential to become a leading player in the global cybersecurity market.”
Funding Trends in French Cybersecurity Startups
The French government is a major investor in the cybersecurity sector, with the Ministry of the Economy and Finance providing €1 billion in funding for cybersecurity research and development in 2022. The government is also supporting the development of the French cybersecurity ecosystem through initiatives such as the French Cybersecurity Agency (ANSSI) and the National Cybersecurity Cluster (Clus’TIC).
The growth of the French cybersecurity market is creating opportunities for cybersecurity startups. In 2022, there were over 1,000 cybersecurity startups in France, and this number is expected to grow in the coming years. Cybersecurity startups are attracting investment from a variety of sources, including venture capital firms, corporate venture capital funds, and government-backed funds.
The French cybersecurity market is a vibrant and growing market with a lot of potential for cybersecurity startups. If you are a cybersecurity startup, France is a great place to start or grow your business.
French Cybersecurity Startups that were funded in the past 5 years
| Cybersecurity Startups | Funding (€) | Year |
|---|---|---|
| Sekoia.io | 35M | 2023 |
| Orca Security | 500M | 2022 |
| CybelAngel | 230M | 2021 |
| Sqreen | 150M | 2021 |
| Vade Secure | 120M | 2020 |
A Bit of Context
Extended detection and response (XDR) is a cybersecurity approach that uses multiple data sources to provide a comprehensive view of an organization’s security posture. XDR platforms collect data from endpoint security, network security, cloud security, and other sources to identify and respond to threats.
XDR platforms are designed to address the limitations of traditional security tools, which often focus on a single data source or a specific type of threat. By collecting data from multiple sources, XDR platforms can provide a more comprehensive view of the threat landscape and identify threats that might otherwise go undetected.
XDR platforms can also help organizations respond to threats more quickly and effectively. By centralizing data and providing a single view of the security posture, XDR platforms can make it easier for security teams to identify and prioritize threats and take action to mitigate them.
XDR platforms are still a relatively new technology, but they are gaining popularity as organizations look for ways to improve their security posture. XDR platforms can be a valuable tool for organizations of all sizes, but they are particularly beneficial for organizations with complex security environments.
