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French cybersecurity startup Filigran secures €15M for open source threat management

Filigran team
Picture credits: Filigran

Threat intelligence is now more important than ever due to AI threats and faster exploitations. However, it has historically been constrained by customers’ ability to afford, absorb, contextualise and incorporate data in real-time. It is due for a refresh. French cybersecurity startup Filigran helps enterprises unlock threat intelligence and fully realise its benefits, enabling them to better prioritise alerts, investigate threats and optimise their existing cybersecurity stack.

In a recent development, Filigran has raised €15 million in Series A funding led by global venture capital firm Accel, just six months after its €5 million seed round. Existing investors Moonfire Ventures (backed invested in Claimer) and Motier Ventures (backed MarketLeap and Mistral AI) also participated in the round. 

The French startup will open offices in the US and Australia in 2024 with a focus on securing new strategic partnerships, accelerating the adoption of Filigran’s solutions by organisations in North America and Asia-Pacific, and providing local customer support. 

Filigran will continue to grow its XTM portfolio with a new XTM solution slated to be released in 2024. Also, the company will develop its Big Data and Artificial Intelligence teams, recruiting new talent and enriching its XTM solutions. Currently, it has 40 employees and plans to grow the team to 70 by the end of this year.

Next-gen open-source threat management 

Founded in 2022 by Samuel Hassine and Julien Richard, Filigran works with the mission to develop innovative open-source solutions, designed specifically to address the complex challenges organisations face in anticipating cyber risks and threats. Samuel has more than 15 years’ of experience in cyber threat intelligence and risk management, including with the French National Agency for the Security of Information Systems (ANSSI). Julien has more than 20 years’ of experience leading product and engineering teams while designing complex software in big data and AI. 

The company is building a next-generation open-source threat intelligence management platform. This platform reduces the barriers to threat intelligence adoption and harnesses the open source community to create a network of enterprises, governments, and researchers who contribute to threat intelligence and other cyber data.

Its solutions are used by over 4,200 public and private organisations worldwide. Filigran’s clients include global companies such as Marriott, Thales, Hermès, Airbus, Novartis, Bouygues Telecom as well as public sector entities, including the NYC Cyber ​​Command, the FBI, the European Commission, ENISA, and the Dutch police. It has built a strong ecosystem of partners including Deloitte, Orange Cyberdefense, Deepwatch, Arctic Wolf, Atos, Wavestone and Intrinsec.  

“In a difficult environment for tech fundraising, completing two significant rounds of financing in less than a year demonstrates Filgran’s ability to develop and execute a strong platform for anticipating and analysing cyber threats,” said Filigran CEO Samuel Hassine. “This Series A will enable us to accelerate the development of our XTM portfolio and accelerate the business. With a strong international focus and an open-source vision of the future of cybertech, we have the resources to achieve our mission more quickly.” 

“The Filigran team has achieved a huge amount since launch and we believe that their open source community and platform approach will enable organisations to upscale their threat intelligence efforts,” said Andrei Brasoveanu, Partner at Accel. “With Sam and Julien’s deep sector expertise and a large number of government and enterprise customers already using Filigran, there’s a significant global opportunity ahead for the company and we look forward to joining their journey!”

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