The French cybersecurity company Sekoia has carried out one of the largest fundraising in the sector since the beginning of the year, raising 35 million euros from the Banque des Territoires (Caisse des Dépôts) and a fund from the Portuguese group Sonae, it announced in a Press release.
In 2020, Sekoia, a specialist in anticipating and detecting cyber threats with its Sekoia.io platform, had already raised 10 million euros from the Omnes and Alliance Entreprendre funds.
Sekoia.io, which started marketing its solution in 2020, now has around 100 employees and has seen a 250% growth in turnover in 2021 vs. 2022. The company aims to protect more than 3.5 million users. employees across Europe in 24 months. It equips the CAC40 companies, the European and French administrations, but also the main players in the security services, commented its executive director, Freddy Milesi, in the press release.
investment slowdown
This fundraising is part of a slowdown in investment in French start-ups. Fundraising ads in the first quarter fell 68%, with a total of 1.4 billion euros compared to 4.3 billion in the first quarter of 2022, according to a report by the Newfund fund. Decrease mainly due to the almost total withdrawal of American venture capital funds from the French market.
However, since the beginning of the year, some companies in the sector have obtained significant funding, highlighting DataDome (detection of bot attacks and online fraud), which raised 38 million euros, Sesame It (detection of cyberattacks), which raised 10 million euros, or the 2600 cybersecurity training school, which raised 6 million euros. Egérie, which allows companies to analyze financial risks linked to cyber risks, raised €30 million.
Source: BFM TV
