CybelAngel, a digital risk management platform, has collected $36m in its Series B led by Prime Ventures.
Additional commitments came from Tempocap, Bpifrance, Open CNP and angel backers.
The angel investors included Datadog co-founders Olivier Pomel and Alexis Le-Quoc, Tenable co-founder and CTO Renaud Deraison, Black Duck Software former CEO Lou Shipley and Neolane co-founder and former president Stephan Dietrich.
Capital from the round will be used to bolster global expansion, build strategic partnerships and advance the capabilities of its Ai technology.
CybelAngel detects over one billion documents each day and uses AI technology to assess the sensitivity of the information. The platform can manage digital risk in real-time by providing relevant, actionable information to enable remediation and takedown.
In line with the deal, Prime Ventures partner Pieter Welten has joined the CybelAngel.
CybelAngel CEO Erwan Keraudy said, “This funding enables CybelAngel to expand globally to more countries and continue to innovate to protect enterprises’ most critical digital assets from costly data leaks.
“It will also support our expansion in North America where the demand for digital supply chain protection and third-party risk management is growing exponentially.”
In total, the company has raised a total of $52m in equity funding.
Copyright © 2020 FinTech Global
