The acceleration of digital technology brought about by the pandemic has also encouraged the rise of cybercrime. In 2020, Anssi noted a 255% increase in ransomware attacks within its scope of intervention. It is in this context that the startup HarfangLab, specializing in cyber defense, is raising 5 million euros, including 3.5 million from Elaia through its new DV4 fund. Launched last month, this investment vehicle constitutes Elaia’s fourth generation of Digital Venture funds and has just finalized its first financing in cybersecurity.
Founded in 2018 by Grégoire Germain, HarfangLab publishes an AI-based cybersecurity solution for businesses (workstations and servers). Its EDR (endpoint detection & response) software, certified by the National Information Systems Security Agency (ANSSI), aims to counter all types of ransomware (ransomware). The Parisian startup was also elected among the 11 French nuggets of the Grand Défi Cyber at the end of 2020, a government-subsidized project intended to create a new French cybersecurity ecosystem.
“A surge of threats”
« HarfangLab’s market timing could not have been more suitable, as we are witnessing a surge of threats, including ransomware, that traditional tools are no longer able to prevent and contain satisfactorily. », Underlines Armelle de Tinguy, investment director at Elaia. As a reminder, the DV4 fund has just completed a first closing of 120 million euros with in particular Bpifrance, the European Investment Fund, MGEN, BNP Paribas and BRED. The final closing could reach 200 million euros by the end of the year.
« The team is tackling an absolutely critical subject with a product that strongly impressed us: lightweight, cloud-agnostic and open, and which aims to redefine the standards of the XDR ecosystem. », Continues Armelle de Tinguy. HarfangLab now aims to recruit around ten employees and to continue developing and marketing its software.
Fundraising news is presented to you in partnership with Junto
HarfangLab: the key data
Founder: Gregoire Germain
The head office : Paris
Activity: cybersecurity solutions provider
Funding: 5 million euros, including 3.5 million from Elaia through its new DV4 fund.