CrowdSec, a French cybersecurity startup, has scored €14m from a Series A financing round headed by Supernova Invest.
Also taking part in the round was investor Breega. The company plans to use the capital to improve its technical capabilities and expand its operations into the US market.
CrowdSec is an open-source and collaborative IPS to analyse visitor behaviour by parsing logs and provide an adapted response to all kinds of attacks.
The solution also enables users to protect each other – each time an IP is blocked, all community members are informed so they can also block it.
CrowdSec says its software has been installed more than 100,000 times, including by governments, financial institutions, ecommerce companies, and media organizations across 175 countries.
The company also said it can provide customised remediation for more than 50 attack types.
CrowdSec CEO Philippe Humeau said, “At the heart of CrowdSec is a simple but powerful idea: community action. 40 years of cybersecurity has proven isolated cybersecurity defenses to be largely ineffective, regardless of the vast resources invested by companies, institutions and governments.
“CrowdSec’s unique strength lies in numbers and in applying a concerted, global approach to a global problem. Cybercriminals are outnumbered tens of thousands to one by legitimate Internet users, all of whom can now join forces to protect themselves and each other.”
New York-based Alkymi, which offers a data workflow automation platform, has recently secured $21m in a Series A.
The round was headed by Intel Capital with participation from Canaan, Work-Bench and SimCorp. Dave Mueller – investment director of Intel Capital – will join Alkymi’s board of directors.
Alkymi claims that it transforms enterprise workflows by placing machine learning and automation technology into the hands of business users, turning operational data headaches into a source of efficiency.
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