Elba, a Paris, France-based startup that provides a cybersecurity platform for teams, raised €2.5 million in its first funding round.
The round was led by XAnge, with participation from Kima Venture, Plug and Play US, Uncorrelated, Angel Invest, and prominent security experts such as Jason Chan, former CISO of Netflix, Jean-Baptiste Aviat, CTO of Sqreen, and Eric Fourrier, CTO of GitGuardian.
The funds will be utilized to support the company's international expansion efforts and invest in research and development.
Elba's platform integrates with the SaaS ecosystem of its clients, identifying security issues and promptly notifying teams for resolution with a single click.
“The explosion of SaaS security risks has left IT teams in a tricky situation. Identifying employees’ security issues manually is tedious work, and even traditional solutions like SIEMs or CASBs that automate issue detection are not effective as IT teams still need to solicit more context from employees to investigate issues. That’s why we created Elba,” says Elba co-founder and CEO Théo Rouer.
Despite being launched just six months ago, the start-up has already secured over 100 customers, including notable names like Zenchef, Deepki, Resilience, and Equativ.
Funding Month: June 2023
Lead Investors: XAnge
Additional Investors: Kima Venture, Plug and Play US, Uncorrelated, Angel Invest, Jason Chan, Jean-Baptiste Aviat, and Eric Fourrier
Company Website: https://www.elba.security/
Software Category: Cybersecurity Software
About the Company: Founded in 2022, Elba is a user-centric cybersecurity software for modern teams. Elba is protecting organizations from cyber threats by helping them identify issues in their employees’ security posture. Elba’s solution integrates with existing SaaS products and scans the environment for potential security issues, such as sharing documents that contain personal information, using non-compliant applications on a cloud account, logging in to an application without using multi-factor authentication, and the like. The company's mission is to make security simple, proactive, and accessible to everyone.