European cyber firm Filigran recently closed a $35 million Series B funding round led by software investor Insight Partners, joining existing backers Accel and Moonfire.
The funding round follows Filigran’s $16 million Series A investment a few months ago and will help the company grow, expand and develop products. The Series B funding will support the company’s plans to expand in the US and Pacific regions and specifically to advance the development of artificial intelligence and data engineering products.
Founded in 2022, Filigran offers open-source platforms such as OpenCTI and OpenBAS in its eXtended Threat Management (XTM) suite. The platform is designed to help organizations better understand their threats, detect incidents, reduce response times, and develop long-term cybersecurity strategies.
Filigran solutions are used by international corporations including Airbus, Marriott, Thales, Hermès, Rivian and Bouygues Telecom. Public sector organizations on the company’s list include the European Commission, the FBI, the New York City Cyber Command, US and Australian federal agencies, the Dutch National Police Force and several European government departments.
The company’s open-source efforts are supported by a community of more than 4,300 cybersecurity professionals and contributors. The XTM suite integrates OpenCTI, which structures and operationalizes threat information. Similarly, OpenBAS uses real-time threat data for security validation. The platforms provide insight into potential risks and help organizations strengthen their cybersecurity measures.
The funding will support the development of additional XTM solutions aimed at enhancing the threat-driven risk assessment suite and disappointment to address emerging cybersecurity challenges.
Samuel Hassine, CEO of Filigran, has over 15 years of experience in cyber threat intelligence and crisis management, having previously held the positions of Director of Security Strategy at Tanium and Head of Threat and Risk Analysis at ANSSI. CTO Julien Richard has over 20 years of experience managing engineering teams and software development. He was Vice President of Engineering at YOOI and Director of Engineering at Axway.
“Securing this Series B investment reflects the progress Filigran has made in a short period of time. Our mission is to make threat intelligence accessible and accessible to organizations. This new funding will help us continue this mission on a larger scale,” said Hassine.
“Filigran has advanced the way security teams access threat intelligence with its open source XTM suite, powered by OpenCTI and OpenBAS technologies. This investment supports their global expansion and product development,” said Crissy Costa Behrens, Principal at Insight Partners.
(Image courtesy of 3D Animation Production Company)
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