ProvenRun raises €15m in Series A funding for IoT security expansion

ProvenRun raises €15m in Series A funding for IoT security expansion

ProvenRun, a cybersecurity software company known for its advanced operating systems and applications for connected vehicles and smart devices, has completed a successful €15m Series A fundraising round.

This substantial investment was led by Tikehau Capital, a renowned global alternative asset manager, through its latest edition of Brienne, a flagship private equity cybersecurity strategy. Notably, this funding round also includes participation from the French Ministry of Defence’s Definvest fund, managed by Bpifrance. This diverse group of investors underscores the strategic importance and potential of ProvenRun in the cybersecurity landscape.

Established by the serial entrepreneur Dominique Bolignano, ProvenRun stands out in the cybersecurity sector. The company offers ProvenCore, the world’s most secure operating system (OS), specifically designed for connected vehicles and smart devices. ProvenCore distinguishes itself as the only OS to achieve the highest certification level (EAL7) under the Common Criteria, a globally recognized standard in computer security.

ProvenRun’s technology is particularly relevant in today’s rapidly evolving Internet of Things (IoT) landscape. Its products offer security-by-design solutions, a proactive approach that is increasingly critical for carmakers and IoT device builders. By adopting ProvenRun’s technology, these industries can achieve top-tier cybersecurity, streamline application development and certification processes, stay ahead of future regulatory demands, and significantly reduce lifecycle maintenance costs.

The Series A funding is set to accelerate ProvenRun’s product development, particularly in automotive security applications and Risc-V architectures. Additionally, the funding will facilitate ProvenRun’s geographic expansion into North America, a key market for the company’s innovative solutions.

Gilles Daguet, head of Tikehau Capital’s private equity cybersecurity strategy, said, “Since entering the cybersecurity sector as investors, Tikehau Capital has unwaveringly embraced the “secure-by-design” philosophy. The solutions crafted by ProvenRun stand as an outstanding example of fortifying the foundations of embedded software for critical architecture. We have full confidence in ProvenRun’s commercial potential and its dynamic leaders, Dominique Bolignano and Thierry Chesnais.”

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