Qevlar AI, a Paris, France-based cybersecurity startup that uses artificial intelligence to investigate cyber hacks and detect potential cyber threats for businesses., has raised €4.5 million in seed funding.
SaaS Investors
The round was led by EQT Ventures, with participation from global leading angels in tech and AI such as Olivier Pomel, CEO of Datadog; Mehdi Ghissassi, Director of Product at Google DeepMind; Florian Douetteau, CEO of Dataiku; Edouard Viot, VP of Product at GitGuardian; and Tarik Dadi, CEO of Qantev.
Founded in 2015, EQT Ventures is a venture capital investment firm based in Stockholm, Sweden. The firm prefers to invest in seed-stage, early-stage, and later-stage companies. The firm seeks to invest in information technology and SaaS sectors across Europe and the United States.
Qevlar AI Use of Funds
The company will use the funds to expand its team and invest in product development.
About Qevlar AI
Founded by Ahmed Achchak and Hamza Sayah, Qevlar AI focuses on elevating the productivity of Security Operation Centers (SOC) by incorporating AI technology. The company's generative AI solution automates cybersecurity investigation and detection processes and is designed for enterprise environments dealing with complex security challenges. The autonomous investigation API enables rapid and automated analysis of potential security incidents, reducing the need for manual intervention. The technology integrates seamlessly with existing security infrastructure and aims to boost security operations efficiency.
Funding Details
Company: Qevlar AI
Raised: €4.5M
Round: Seed Round
Funding Month: November 2023
Lead Investors: EQT Ventures
Additional Investors: Olivier Pomel, Mehdi Ghissassi, Florian Douetteau Edouard Viot, and Tarik Dadi
Company Website: https://www.qevlar.com/
Software Category: Cybersecurity
Source: https://www.eu-startups.com/2023/11/paris-based-qevlar-ai-raises-e4-5-million-to-help-businesses-outsmart-the-latest-cyber-threats/