Filigran, a Paris-based cybersecurity firm, has successfully raised €15M in a Series A funding round, following a €5M seed funding just six months prior. This round was led by Accel, with participation from existing investors Moonfire Ventures and Motier Ventures.
Andrei Brasoveanu, Partner at Accel, praised the Filigran team for their significant achievements since launch, emphasizing the potential of their open-source community and platform approach to upscale organizations’ 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!” Brasoveanu added.
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Transforming Threat Intelligence
Founded in October 2022 by Samuel Hassine (CEO) and Julien Richard (CTO), Filigran focuses on transforming threat intelligence for cybersecurity. The company aims to reduce adoption barriers and foster collaboration within the open-source community, enabling better alert prioritization, threat investigation, and optimization of cybersecurity stacks for businesses, governments, and researchers.
Serving a Global Client Base
Filigran serves over 4,200 organizations worldwide and plans to expand its team from 40 to 70 employees by the end of 2024. The company’s clients include major corporations like Marriott, Thales, Hermès, Airbus, and Novartis, as well as public sector entities such as the NYC Cyber Command, FBI, European Commission, ENISA, and Dutch police.
Utilizing Capital for Global Expansion and Product Development
The newly acquired funds will be directed towards global expansion, with plans to establish offices in the US and Australia in 2024. Filigran also aims to enhance its XTM portfolio, which includes OpenCTI for threat intelligence, OpenBAS for attack simulation, and a new XTM solution set for release in 2024. Additionally, the company will focus on developing its Big Data and AI teams to enrich its suite of XTM solutions.
CEO Samuel Hassine expressed optimism about the future, stating, “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 analyzing cyber threats.” He further emphasized the Series A funding’s role in accelerating the development of their XTM portfolio and the business overall.
With a strong international focus and an open-source vision for the future of cybertech, Filigran is well-positioned to achieve its mission more rapidly, thanks to the support from its investors.
