EGERIE, a Toulon, France-based software company that provides a cyber risk management platform, raised €30 million in funding.
The investment was from investors with expertise in insurance and cybersecurity, Tikehau Capital, Open CNP, Banque des Territoires, and TIIN Capital, to help executives analyze and quantify the financial risks of cyber-attacks.
The second priority of EGERIE will be growth across Europe. The advantage of EGERIE’s model is that it is continuously improving; the more customers who adopt the model and use “the equation," the more accurate it becomes in quantifying the related risks.
“We can now model the financial and operational consequences of specific vulnerabilities on a given business process in real time,” said EGERIE’s CEO and Founder, Jean Larroumets. “All parameters of a risk are linked in our model, which we call ‘the equation’. We’ve been perfecting it for a decade, and it is now stable.”
The company provides customers with a complete “digital twin” of all their information assets and processes.
Funding Month: January 2023
Lead Investors: Tikehau Capital, Open CNP, Banque des Territoires and TIIN Capital
Company Website: https://egerie.eu/
Software Category: Cyber Risk Management
About the Company: Founded by Jean Larroumets and Pierre Oger, EGERIEE is a publisher of cyber risk management solutions in Europe. It has developed a model that links company data assets with associated business risks. EGERIE offers a collaborative platform enabling a comprehensive, agile, and structured approach to the governance, management, and compliance of cyber risks and personal data protection. Recognized by the highest governmental and regulatory authorities in Europe, EGERIE’s collaborative approach and smart technology, help customers centralize and orchestrate their cyber-risk assessment strategies by dynamically identifying the high risks & threats, measuring the results of risk mitigation efforts while getting buy-in from all levels in the organization.