CrowdSec, a Paris, France-based Cyber Threat Intelligence (CTI) solution, announced that it raised €14 million in Series A funding round led by Supernova Invest, with participation from Breega.
CrowdSec intends to use this fresh capital to increase its staff from 20 to 45 individuals, strengthen its technical stack, ramp up revenues, extend its U.S. operations, and expand its global network of protected, collaborating devices from several hundred thousand to millions.
"At the heart of CrowdSec is a simple but powerful idea: community action. Forty years of cybersecurity has proven isolated cybersecurity defenses to be largely ineffective, regardless of the vast resources invested by companies, institutions, and governments," says CrowdSec CEO Philippe Humeau. "CrowdSec's unique strength lies in numbers and in applying a concerted, global approach to a global problem. Cybercriminals are outnumbered tens of thousands to one by legitimate Internet users, all of whom can now join forces to protect themselves and each other."
The software recently hit the 100,000 installations mark, with adopters including governments, major e-commerce actors, the media, and financial institutions. With adoption rates increasing daily, CrowdSec is fast becoming an internationally recognized cyber defense system of scale and efficacy.
Company: CrowdSec
Raised: €14.0M
Round: Series A
Funding Month: October 2022
Lead Investors: Supernova Invest
Additional Investors: Breega
Company Website: https://www.crowdsec.net/
Software Category: Cyber Threat Intelligence (CTI) solution
About the Company: Founded in 2020 by cybersecurity experts Philippe Humeau, Laurent Soubrevilla, and Thibault Koechlin, CrowdSec is a French cybersecurity startup that produces participative, open-source intrusion prevention and detection systems able to assess the reputation of any IP address based on its behavior. By analyzing IP address behaviors, CrowdSec provides customized remediation for over 50 types of attacks. Each time an IP address is blocked, all community members are informed so they can also block it, enabling users to protect each other. CrowdSec has been used in 175+ countries.
Source: https://www.prnewswire.com/news-releases/crowdsec-the-worlds-first-crowdsourced-cti-solution-raises-14m-in-series-a-funding-to-combat-cybercrime-301642126.html