In an industry-first for a European cybersecurity venture, Sekoia.io, an emerging player in cybertech, has successfully closed a series A funding round worth an impressive €35 million.

This investment milestone, facilitated by la Banque des Territoires (Caisse des Dépôts groupe) and Bright Pixel, provides the impetus for Sekoia.io’s ongoing expansion and international growth.

Sekoia.io: Pioneering real-time cyberattack detection

Founded in 2015 in response to an escalating cyber threat landscape, Sekoia.io realised that there was a significant gap in the market for effective correlation tools that could detect cyberattacks in real-time. With five years of dedicated R&D under their belt, the start-up launched its eponymous platform Sekoia.io in 2020. Their unique Extended Detection & Response (XDR) platform, backed by a team of expert researchers, offers defence against increasingly complex cyberattacks. Their holistic approach that focuses on interoperability sets them apart, allowing integration with clients’ entire cybersecurity solutions to offer a single control tower.

Currently, the firm boasts a workforce of around 100 employees and has recorded a 250% revenue growth over the past two years. With a goal to protect over 3.5 million employees across Europe within the next 24 months, Sekoia.io has big plans for the future.

Support and confidence: The catalyst for expansion

Despite a slow start to investments in 2023, Sekoia.io is enthused by the vote of confidence shown by its investors in the firm’s solidity and innovative approach. Their ultimate ambition is to become a leading cybersecurity force in Europe with significant international clout. Backed by its experienced team and innovative tech approach, Sekoia.io has demonstrated its platform’s capability to significant security teams within large corporations and government bodies. This latest round of funding brings renewed faith from its long-term investors Omnes Capital, Seventure, and BNP Paribas Développement, which follows a €10 million fundraise in 2020.

The bright future envisaged by Sekoia.io is echoed by its investors. Fernando Martins, Director at Bright Pixel, praises the company’s experienced team, innovative technology approach and strong international ambition. Cédric Clement from la Banque des Territoires believes Sekoia.io’s innovative approach is key to the cybersecurity ecosystem, a view backed by the introduction of initiatives like the Open XDR Platform. Fabien Collangettes, Associate Director at Omnes Capital, also emphasised that Sekoia.io is now an integral part of the French cybersecurity scene.

Sekoia.io is positioned to carve out a new chapter in cybersecurity, continuing its drive to become the leading European player in cyber detection and response.

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