HarfangLab has closed a robust €25m Series A funding round, underscoring a resilient response to the surging global cyberthreats.
Steering the pivotal financial injection was Crédit Mutuel Innovation, demonstrating a solid backing and faith in HarfangLab’s mission and technological offerings.
In this notable fund infusion, HarfangLab drew €25m from a consortium of investors, notably led by Crédit Mutuel Innovation, with pivotal participation from MassMutual Ventures and Elaia, the latter having a history of steering HarfangLab’s inaugural €5m funding round in 2021.
Specialising in providing endpoint detection and response (EDR) solutions, HarfangLab positions itself as a cybersecurity bulwark, facilitating enhanced identification and neutralisation of cyberattacks against corporates. The firm, boasting ANSSI (French National Cybersecurity Agency) certification, has emerged with stellar EDR results in the initial MITRE ATT&CK Evaluation, propelling its reputation in the cybersecurity space amidst an explosion of cyber threats.
HarfangLab has earmarked the freshly acquired funds for a twofold agenda: fuelling its business expansion across the European territories and fortifying its investment in research and development. Aiming to stay abreast of the constantly evolving cyberthreat landscape, the company plans to delve deeper into AI, detection automation, and threat intelligence technologies, ensuring a perennial edge over the emerging threats.
In an ancillary move, HarfangLab fortified its Executive Committee in September 2023 by welcoming Tanguy de Coatpont as chief revenue officer and Anouck Teiller as chief strategy officer. These strategic appointments align with the company’s upward trajectory and expansive footprint across Europe, signifying a fortified administrative scaffold to steer its European ambitions.
HarfangLab CEO and co-founder Grégoire Germain 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.”
Armelle de Tinguy, partner at Elaia said: “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 indicates a strong future for HarfangLab as they look towards the next frontier of cybersecurity. We look forward to continuing the journey alongside the team.”
Other voices from the investment front echoed a resonant confidence in HarfangLab, highlighting its robust technical prowess and envisioning its ascent as a European cybersecurity titan in the looming future.
Lastly, it is noteworthy that this Series A funding comes on the heels of a prior €5m investment led by Elaia in 2021, which was channelled into research and development, thus enabling HarfangLab to sculpt its current high-performing, user-friendly, and scalable EDR tool.
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