Filigran Secures $35 Million Series B Funding to Revolutionize Cyber Threat Management
In a significant development for the cybersecurity landscape, Filigran, a European cyber tech company, has successfully completed its Series B funding round, raising an impressive $35 million. This round was led by Insight Partners, a global software investor, and saw continued support from existing investors Accel and Moonfire. The funding comes just a few months after the company secured $16 million in its Series A round, underscoring Filigran’s rapid growth and its commitment to expanding its global presence while driving product innovation.
Aiming for Global Expansion
The recent funding will primarily be directed towards Filigran’s global expansion efforts, particularly in the United States and the Pacific region. As cyber threats continue to evolve, the need for robust cybersecurity solutions has never been more pressing. Filigran aims to meet this demand by enhancing its product offerings and expanding its reach into key markets. The company’s focus on artificial intelligence (AI) and data engineering use cases will be pivotal in developing solutions that not only address current threats but also anticipate future challenges.
Innovative Cybersecurity Solutions
Founded in 2022 by Samuel Hassine and Julien Richard, Filigran is at the forefront of transforming proactive cyber threat anticipation. The company’s flagship products, the open-source platforms OpenCTI and OpenBAS, are integrated into a unified eXtended Threat Management (XTM) suite. This suite empowers organizations to understand their threat environments, anticipate and detect incidents, and reduce incident response times. Additionally, it allows for stress-testing of critical infrastructure and the design of long-term cybersecurity strategies.
Filigran’s threat intelligence solutions have garnered a diverse 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, and the New York City Cyber Command, among others. This broad client base highlights the effectiveness and reliability of Filigran’s solutions in addressing complex cybersecurity challenges.
Community-Driven Open-Source Approach
One of the standout features of Filigran’s offerings is its open-source approach, which 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 for continuous improvement and innovation. The XTM suite integrates powerful platforms like OpenCTI, which structures and operationalizes holistic threat intelligence, and OpenBAS, an adversary emulation and security validation solution that utilizes real-time threat data to identify security gaps.
By providing a unified view of potential risks, Filigran enables organizations to strengthen their cybersecurity posture effectively. The Series B funding will further enhance these capabilities, allowing for the development of additional XTM solutions that streamline threat-driven risk assessment and deception capabilities.
Leadership with Expertise
Filigran’s leadership team brings a wealth of experience to the table. CEO Samuel Hassine has over 15 years of experience in cyber threat intelligence and crisis management, having previously served as the Director of Security Strategy at Tanium and head of Threat and Risk Analysis at ANSSI. Co-founder and CTO Julien Richard boasts over 20 years of experience in managing product and engineering teams, specializing in data and AI. His previous roles include Vice-President of Engineering at YOOI and Director of Engineering at Axway. This combination of expertise positions Filigran well to navigate the complexities of the cybersecurity landscape.
Key Quotes from Leadership
Samuel Hassine expressed his enthusiasm for the funding, stating, “Securing this Series B investment is a testament to the tremendous progress Filigran has made in a short time. 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, noting, “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. This investment will fuel their global expansion and product innovation, and we are thrilled to be a part of their journey.”
Conclusion
Filigran’s successful Series B funding round marks a significant milestone in the company’s journey to redefine cybersecurity. With a strong focus on innovation, community engagement, and global expansion, Filigran is well-positioned to lead the charge in proactive cyber threat management. As organizations worldwide grapple with the increasing complexity of cyber threats, Filigran’s solutions offer a promising path forward, ensuring that businesses can not only respond to threats but anticipate and mitigate them effectively.