Filigran Secures $35 Million to Enhance Cybersecurity Solutions

In an era where cyber threats are becoming increasingly sophisticated and pervasive, the need for robust cybersecurity solutions has never been more critical. Paris-based startup Filigran has recently made headlines by securing a substantial $35 million in its latest funding round. This financial boost is aimed at further developing and globalizing its innovative suite of threat management solutions, positioning the company as a key player in the cybersecurity landscape.

The Flagship Product: OpenCTI

At the heart of Filigran’s offerings is OpenCTI, an open-source threat intelligence platform that has garnered significant attention and adoption across various sectors. OpenCTI allows users to import threat data from multiple sources and enrich that data with intelligence provided by leading vendors. This collaborative approach has led to the platform boasting over 4,300 contributors from the cybersecurity community and millions of downloads to date.

Notable adopters of OpenCTI include governmental organizations such as the European Commission and the FBI, as well as major corporations in diverse industries, including aerospace, hospitality, and technology. This widespread adoption underscores the platform’s reliability and effectiveness in managing cybersecurity threats.

Expanding the Product Suite

Building on the success of OpenCTI, Filigran has developed additional products to provide a more comprehensive suite for managing cybersecurity risks. One such product is OpenBAS, a simulation platform designed for modeling attacks and defense strategies. By integrating OpenCTI and OpenBAS, users can gain a holistic view of potential threats, allowing for more informed decision-making and strategic planning.

Filigran’s commitment to innovation doesn’t stop there. The company has ambitious plans to launch a third complementary product by 2026, which will deliver end-to-end threat management capabilities. This expansion of their product line is a testament to Filigran’s dedication to addressing the evolving challenges in cybersecurity.

Global Expansion Plans

With the recent funding, Filigran aims to broaden its global footprint beyond its current markets in France, the U.S., and Australia. The company has set its sights on entering key markets such as Germany, Japan, and Singapore. This strategic expansion will not only increase Filigran’s market presence but also enhance its ability to serve a diverse range of clients across different regions.

Support from Notable Investors

The Series B funding round was led by Insights Partners, with participation from existing backers Accel and Moonfire Ventures. This backing from prominent investors highlights the confidence in Filigran’s vision and potential for growth. The funding will be instrumental in supporting further product development and enhancing the company’s operational capabilities.

Fostering an Open Cybersecurity Community

In addition to product innovation, Filigran is committed to fostering an open cybersecurity community. The company plans to launch an “XTM Hub” platform, modeled after collaboration giants like GitHub and Hugging Face. This networking hub will enable cybersecurity professionals to share expertise, resources, and ideas, ultimately strengthening collective cyber defenses.

Addressing Growing Cyber Risks

As cyber risks continue to grow in scale and complexity, Filigran is well-positioned to assist organizations worldwide. The integrated suite of visibility, analysis, and mitigation tools offered by Filigran promotes information sharing for the collective good of security. By empowering organizations with the right tools and fostering collaboration within the cybersecurity community, Filigran aims to create a safer digital environment for all.

Conclusion

Filigran’s recent funding round marks a significant milestone in its journey to enhance cybersecurity solutions globally. With its innovative products like OpenCTI and OpenBAS, plans for future developments, and a commitment to fostering community collaboration, Filigran is poised to make a lasting impact in the cybersecurity realm. As organizations face increasingly complex threats, the need for comprehensive and effective cybersecurity solutions has never been more urgent, and Filigran is ready to meet that challenge head-on.