Filigran Secures $35 Million Series B Funding to Propel Global Expansion and Product Innovation

In a significant development for the cybersecurity landscape, Filigran has announced the successful completion of its $35 million Series B funding round, led by global software investor Insight Partners. This funding round also saw continued support from existing investors Accel and Moonfire, highlighting the confidence the investment community has in Filigran’s vision and growth trajectory. This latest funding comes just months after the company raised $16 million in its Series A round, underscoring its rapid ascent in the cybersecurity sector.

A Commitment to Growth and Innovation

The new capital will be instrumental in fueling Filigran’s global expansion, particularly in the United States and the Pacific region. The company aims to leverage this funding to accelerate product innovation, with a keen focus on artificial intelligence (AI) and data engineering use cases. This strategic direction aligns with the increasing demand for advanced cybersecurity solutions in an era where cyber threats are becoming more sophisticated and pervasive.

Founded in 2022 by Samuel Hassine and Julien Richard, Filigran is on a mission to revolutionize proactive cyber threat anticipation. The company has developed open-source platforms, OpenCTI and OpenBAS, which are integrated into a unified eXtended Threat Management (XTM) suite. This suite is designed to empower organizations to understand their threat environments, anticipate and detect incidents, reduce incident response times, stress-test critical infrastructure, and formulate long-term cybersecurity strategies.

Serving a Diverse Clientele

Filigran’s innovative threat intelligence solutions have attracted a growing portfolio of international clients, including industry giants such as Airbus, Marriott, Thales, Hermès, Rivian, and Bouygues Telecom. The company also serves various public sector bodies, including the European Commission, the FBI, New York City Cyber Command, and multiple federal agencies in the U.S. and Australia, as well as the Netherlands National Police Corps and several European ministries.

Milestones and Future Aspirations

The Series B funding round marks a pivotal milestone in Filigran’s growth journey. "Securing this Series B investment is a testament to the tremendous progress Filigran has made in a short time," stated Filigran CEO Samuel Hassine. "Our mission is to make threat intelligence accessible and actionable for all organizations. With this new funding, we’re poised to continue that mission on an even larger scale, driving innovation and expanding our reach across key global markets."

Crissy Costa Behrens, Principal at Insight Partners, echoed this sentiment, stating, "In a short amount of time, Filigran has managed to change the way security teams think about threat intelligence. Their open-source XTM suite, powered by OpenCTI and OpenBAS, enables users to proactively defend themselves against potential attackers. The company’s impressive growth and commitment to accessibility are driving the industry forward."

The Power of Open Source

Filigran’s open-source approach has fostered a thriving community of over 4,300 cybersecurity professionals and active contributors. This collaborative environment is redefining standards in cyber threat management, allowing organizations to benefit from collective knowledge and expertise.

The XTM suite integrates powerful platforms such as OpenCTI, which structures and operationalizes holistic threat intelligence, and OpenBAS, an adversary emulation and security validation solution. Together, these tools provide a unified view of potential risks, enabling organizations to bolster their cybersecurity posture effectively.

Looking Ahead: Enhancements to the XTM Suite

The Series B funding will also be directed towards the development of additional XTM solutions, enhancing threat management capabilities with streamlined threat-driven risk assessment and deception capabilities. These advancements will further enrich the XTM suite, offering a comprehensive, end-to-end approach to threat management that empowers organizations to proactively address emerging cyber threats with greater efficiency and precision.

The Leadership Behind Filigran

Filigran was co-founded by Samuel Hassine (CEO) and Julien Richard (CTO), both of whom bring extensive experience in cybersecurity and technology. Samuel Hassine has over 15 years of experience in cyber threat intelligence and crisis management, having previously served as Director of Security Strategy at Tanium and head of Threat and Risk Analysis at ANSSI. Julien Richard boasts more than 20 years of experience managing product and engineering teams, with a background in designing complex software in data and AI fields. He has held significant roles, including Vice-President of Engineering at YOOI and Director of Engineering at Axway.

Conclusion

Filigran’s recent funding achievement not only underscores its rapid growth but also highlights the increasing importance of proactive cybersecurity measures in today’s digital landscape. With a commitment to innovation and accessibility, Filigran is well-positioned to lead the charge in redefining how organizations approach threat intelligence and cybersecurity management. As the company embarks on this exciting new chapter, its focus on global expansion and product enhancement promises to deliver significant value to its clients and the broader cybersecurity community.