European cybersecurity company Filigran has successfully completed its $35 million Series B funding round, following its $16 million Series A earlier this year. This latest round of financing brings the company’s total funding to over $56 million since its inception. Founded in 2022 by Samuel Hassine and Julien Richard in France, Filigran aims to enhance cybersecurity for organizations by providing tools that help them understand threat environments, anticipate and detect incidents, and decrease incident response times.
Filigran’s innovative approach to cyber threat management revolves around an open-source philosophy. Its XTM suite integrates various platforms, including OpenCTI, which structures and operationalizes comprehensive threat intelligence, and OpenBAS, a solution for adversary emulation and security validation. By leveraging real-time threat data, OpenBAS helps organizations identify security gaps and improve their defenses. Together, these solutions offer a unified view of potential risks, enabling organizations to bolster their cybersecurity posture.
Filigran has cultivated a strong user community that includes more than 4,300 cybersecurity professionals and active contributors, which reinforces its influence and credibility within the industry. This extensive network not only demonstrates the trust and engagement of users but also contributes to the continuous improvement and evolution of Filigran’s offerings.
The company’s impressive clientele features industry giants such as Airbus, Marriott, Thales, Hermès, Rivian, and Bouygues Telecom, showcasing its ability to cater to a diverse range of sectors, from aviation and hospitality to telecommunications and luxury goods. This broad spectrum of clients highlights Filigran’s versatility and effectiveness in addressing various cybersecurity challenges faced by organizations of different sizes and industries.
Moreover, Filigran collaborates with several public sector bodies, including the European Commission, the FBI, and New York City Cyber Command. The company’s partnerships with various U.S. and Australian federal agencies, as well as the Netherlands National Police Corps and several European ministries, underscore its commitment to enhancing national and international cybersecurity efforts. These collaborations not only reinforce Filigran’s reputation as a trusted partner in cybersecurity but also position it as a key player in developing and implementing effective strategies to combat cyber threats on a larger scale. Through these initiatives, Filigran continues to strengthen its presence in the cybersecurity landscape, paving the way for future growth and innovation.
The Series B round was led by Insight Partners, with contributions from existing investors Accel and Moonfire. Commenting on Filigran’s impact on the cybersecurity landscape, a representative from Insight Partners noted, “In a short amount of time, Filigran has managed to change the way security teams think about threat intelligence. The company’s impressive growth and commitment to accessibility are driving the industry forward.”
The recent funding acquisition will significantly enhance Filigran’s ability to pursue its global expansion strategy, especially targeting the United States and the Pacific region. This move aims to tap into the growing demand for advanced cybersecurity solutions in these markets. Furthermore, the investment will bolster ongoing product innovation, allowing Filigran to integrate cutting-edge technologies such as artificial intelligence and sophisticated data engineering applications into its offerings.
By leveraging AI, Filigran seeks to refine its threat detection capabilities and streamline incident response processes, ultimately providing clients with more robust protection against cyber threats. The integration of advanced data engineering will also enable the company to improve its data analysis capabilities, offering organizations deeper insights into their security environments.
With these strategic initiatives, Filigran is not just responding to the current challenges in the cybersecurity landscape but is actively shaping the future of how organizations approach threat management. The company’s commitment to redefining cybersecurity practices positions it as a key player in the industry, primed for sustained growth and a significant impact on the global cybersecurity ecosystem. As it continues to innovate and expand its reach, Filigran aims to become a leader in providing accessible and effective solutions for organizations navigating the complexities of modern cyber threats.