In a Series A fundraising round, ProvenRun, a cybersecurity startup based in Paris that specialises on connected cars and smart gadgets, raised €15 million.
Tikehau Capital spearheaded the funding round, which comes through the private equity firm’s recently established cybersecurity-focused fund. The Definvest fund, overseen by Bpifrance, also participated in the Series A round, as reported by tech.eu.
The goal of ProvenRun is to offer its clients Reliable Products and Services that will enable them to integrate security at the chip, device, edge, or cloud levels into their network of interconnected devices, wherever necessary.
By offering secure-by-design off-the-shelf product solutions and security consulting services, they significantly enhance protection against remote cyberattacks and address security concerns brought on by the Internet of Things revolution.
They primarily provide services to clients in the automotive, aerospace/defense, transportation, industrial, telecom, IoT/consumer device OEM, and semiconductor and intellectual property providers industries.