Filigran, a cyber tech firm based in Paris, announced that it has secured €15M in a Series A round of funding. This round comes just six months after the company raised €5M in its initial seed round.

The Series A investment was led by global venture capital firm Accel. The round also saw participation from existing investors Moonfire Ventures and Motier Ventures.

Andrei Brasoveanu, Partner at Accel, says, “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.”

“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!”

Helping enterprises unlock threat intelligence

Founded in October 2022, Filigran is a player in cyber tech, focusing on transforming threat intelligence for cybersecurity.

By reducing adoption barriers and fostering collaboration within the open-source community, the company enables better alert prioritisation, threat investigation, and optimisation of cybersecurity stacks for businesses, governments, and researchers.

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The company serves over 4,200 organisations globally. With 40 employees, Filigran plans to expand to 70 by the end of 2024. 

Co-founded by Samuel Hassine (CEO) and Julien Richard (CTO), the team brings over 15 years of experience in cyber threat intelligence, risk management, and software design in big data and AI.

Filigran’s clients include companies like Marriott, Thales, Hermès, Airbus, and Novartis, along with public sector entities such as the NYC Cyber Command, FBI, European Commission, ENISA, and Dutch police.

The company has also established partnerships with firms like Deloitte, Orange Cyberdefense, Deepwatch, Arctic Wolf, Atos, Wavestone, and Intrinsec, showcasing its impact in both private and public cybersecurity sectors.

Capital utilisation

Filigran plans to utilise the funds for global expansion and product development in three main areas. 

The company will establish offices in the US and Australia in 2024, aiming to forge strategic partnerships, enhance solution adoption in North America and Asia-Pacific, and offer local customer support. 

Filigran will also expand its XTM portfolio, featuring OpenCTI for threat intelligence, OpenBAS for attack simulation, and a new XTM solution set to be released in 2024. 

Additionally, the company will focus on developing its Big Data and AI teams by recruiting new talent to enrich its suite of XTM solutions.

Filigran CEO Samuel Hassine says, “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.”

“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.”

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