Sekoia.io has Raised €35M in a New Round of Financing, a Record Amount for a European Cybersecurity Company in series A
Sekoia.io, the European cybertech company that develops the Sekoia.io XDR (eXtended Detection & Response) platform for real-time detection of cyberattacks announces that it has raised €35M from Banque des Territoires, European investor Bright Pixel (former Sonae IM) and its historical investors Omnes Capital, Seventure and BNP Paribas Développement. The fundraising follows a previous round of €10M in 2020.
Despite the investment market slowdown at the beginning of 2023, Sekoia.io is delighted with the confidence its investors have shown in the strong foundations of the company and its teams, as well as in its ambitious and innovative approach to make Sekoia.io a European leader in the cybersecurity space and strengthen its positioning on the international stage.
In 2015 and faced with a growing cyber threat, the founders of Sekoia noticed the lack of effective alert correlation tools within operational security teams to detect cyber-attacks in real time. In 2020, after 5 years of R&D, the start-up launched Sekoia.io, a cyber threat detection and response platform to protect against increasingly complex attacks thanks to a cyber threat intelligence offering designed by its team of researchers. In addition to offering a modern detection platform, Sekoia.io stands out for its approach that favors interoperability through the integration of all its customers’ cyber solutions to provide a single control tower.
Sekoia.io currently has about 100 employees and has recorded 250% growth in turnover over each of the last two years. The company’s goal is to protect more than 3.5 million employees throughout Europe within 24 months.
Freddy Milesi, CEO of Sekoia.io mentions: “Since the public launch of our platform in 2020, Sekoia.io’s technology has proven its worth to the security teams of major CAC40 companies, large European and French administrations, as well as major players in managed security services. Thanks to the confidence of our investors and partners, we now wish to widely distribute our innovative technology in order to become the leader in cyber detection and response in Europe.”
“This investment in Sekoia.io is mainly driven by their experienced team, innovative technological approach, and strong international ambition. The combination of technical expertise and industry knowledge will position the company for success in the long term. As active and global investors, we are excited to partner with actors like Sekoia.io to help them on their international expansion. We bring our expertise and network to help them navigate new markets and expand their reach. We believe that Sekoia.io has the potential to make a significant impact in the cybersecurity sector, and we are thrilled to be a part of their journey,” says Fernando Martins, Director at Bright Pixel.
Cédric Clement, Head of the Cybersecurity and Digital Sovereignty investment cluster at Banque des Territoires emphasizes: “We are delighted to be a shareholder of Sekoia.io. We believe its innovative and unifying approach is essential for the cyber ecosystem, an approach reinforced by initiatives such as the Open XDR Platform, and we are delighted to contribute to supporting this sector of French excellence, in line with our commitment to digital sovereignty.”
“Sekoia.io is now one of the key players on the French cyber scene. As historical investors, Seventure, BNP Paribas Développement and Omnes Capital are proud to renew their confidence in this very high-level team, and thus help them to take this new European step” underlines Fabien Collangettes, Associate Director at Omnes Capital.