Paris-based HarfangLab Raises €25 million Series A Round Funding, led by Crédit Mutuel Innovation. MassMutual Ventures also participated alongside Elaia, a long-standing investor in HarfangLab.
The extra cash will be used to facilitate spending on R&D as well as accelerate HarfangLab’s business expansion all through Europe. The cyberthreat landscape continues to evolve, and HarfangLab will keep investing in the latest and most recent technologies for artificial intelligence, detection automation, and threat intelligence to stay ahead of the most recent attacks.
HarfangLab will increase hiring, investment, partner cultivation, and sales force augmentation to boost exposure and highlight its strengths.
Grégoire Germain, CEO and Co-Founder at HarfangLab said, “Our solution is now a must-have in the French cybersecurity market: it’s certified by ANSSI, has received great results at the latest MITRE ATT&CK Evaluations, and is constantly adding new innovations to fight against the ingenuity of cybercriminals. This funding round equips us with the resources to continue to invest in research and take the next step in the commercialisation of our solution in Europe with one ambition in mind: to always protect our clients, as the best partners would do,”.
In view of the recent increase in cyberattacks, HarfangLab offers customers and partners with a highly critical lightweight, cloud-independent, and open EDR solution. The French National Cybersecurity Agency (ANSSI) approved the solution, and HarfangLab’s initial MITRE ATT&CK Evaluation produced best-in-class EDR preliminary results.
Armelle de Tinguy, Partner at Elaia, commented: “HarfangLab continues to go from strength to strength. At Elaia, we are pleased to continue our support of this excellent team who we are proud to have supported from the beginning. The impressive achievements so far and the proven top-tier performance of their product indicate a strong future for HarfangLab as they look towards the next frontier of cybersecurity. We look forward to continuing the journey alongside the team.”
Ryan Collins, Managing Partner at MassMutual Ventures said, “The frequency and sophistication of cyberattacks continue to increase each year, causing financial and reputational damage to businesses and public administrations. In response to this, HarfangLab’s highly experienced team has developed a market leading EDR product, the first of which to be certified by the French National Cybersecurity Agency. We are delighted to be partnering with Greg and the wider HarfangLab team as they build a European champion,”.
The founding team of HarfangLab, who has an in-depth knowledge of cybersecurity and a strong tech background, convinced us since we first met in 2020, especially through their vision.
Your system may have been compromised yet everything appears to be operating. For any business wishing to safeguard its digital assets toward security breaches, which can be extremely costly in addition to harming a company’s brand, endpoint detection and response, or EDR, is a crucial security tool.
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Former ANSSI cyber intelligence experts (the French National Agency for the Security of Information Systems) created HarfangLab EDR. Any size of business that wants to keep their digital independence should use our solution.