HarfangLab closes a fundraising of 25 million euros

The French start-up HarfangLab wants to change gears. Two years after raising 5 million euros to finance its growth, the cybersecurity company has just completed a new round of investors. It has just raised 25 million euros from Crédit Mutuel Innovation, MassMutual Ventures and Elaia, two investment funds based in Boston and Paris.

“European leader”

This sum should allow it to “become the European leader” in cyber threat detection and response (EDR) software. A type of software that is supposed to take over from traditional antiviruses by being, for example, more able to detect a ransomware attack. “With this fundraising, HarfangLab wishes to continue its strategic investments to stay ahead of the cyber threat, continue to expand the functionalities of its [logiciel] EDR but also, to develop in Europe, and internationally”, specifies the company.

For comparison, last year, the French cybersecurity company Tehtris, which publishes the same kind of software, managed to raise 44 million euros. A few months later, it is the publisher Sekoia.io which had then captured 35 million euros, significant amounts that recall the interest of investors in cybersecurity.

250 customers

Certified by the Anssi for its cybersecurity incident detection and response (EDR) platform, HarfangLab, with about 85 employees today, was launched in 2018. The company now claims more than 250 customers and 800,000 protected workstations or servers. According to the Digital Factory, about 60% of the company’s customers come from the private sector and 40% from public organizations.

As a sign of its ambitions, the company has recently distinguished itself in the recruitment field. It has thus hired one of its historical figures, Tanguy de Coatpont, from Kaspersky Lab France, who is now in charge of growing the company. HarfangLab has also hired Anouck Teiller, who is in charge of strategy. The former chief of staff of Guillaume Poupard, then head of the Anssi, then went through the cabinet of Stanislas Guerini, the minister of transformation and public service, before being recruited by HarfangLab.