HarfangLab has successfully concluded a substantial Series A funding round, signaling a resilient response to the escalating global cyber threats.
Crédit Mutuel Innovation led the significant financial injection, showcasing unwavering support and confidence in HarfangLab’s mission and technological offerings.
In this noteworthy capital infusion, HarfangLab secured €25 million from a group of investors, prominently led by Crédit Mutuel Innovation, with substantial contributions from MassMutual Ventures and Elaia. Notably, Elaia had previously spearheaded HarfangLab’s inaugural €5 million funding round in 2021.
Specializing in delivering solutions for endpoint detection and response (EDR), HarfangLab positions itself as a stalwart in the cybersecurity realm, enabling improved identification and neutralization of cyberattacks on corporate entities. The company, armed with certification from ANSSI (the French National Cybersecurity Agency), has garnered impressive results in its initial MITRE ATT&CK Evaluation, enhancing its reputation in the cybersecurity landscape amid a surge in cyber threats.
The recently acquired funds will serve a dual purpose for HarfangLab: fueling its expansion efforts across European territories and reinforcing its commitment to research and development. With a focus on staying ahead of the ever-evolving cyber threat landscape, the company plans to delve deeper into AI, detection automation, and threat intelligence technologies, ensuring a constant edge against emerging threats.
In a complementary move, HarfangLab bolstered its Executive Committee in September 2023 by welcoming Tanguy de Coatpont as Chief Revenue Officer and Anouck Teiller as Chief Strategy Officer. These strategic appointments align with the company’s upward trajectory and expanding presence across Europe, signifying a strengthened administrative framework to guide its European ambitions.
Grégoire Germain, CEO, and co-founder of HarfangLab, remarked, « Our solution has become a staple in the French cybersecurity market: it holds ANSSI certification, has achieved impressive results in the latest MITRE ATT&CK Evaluations, and consistently introduces new innovations to combat the ingenuity of cybercriminals. This funding round equips us with the resources to continue investing in research and take the next step in bringing our solution to market in Europe with one overarching goal: always protecting our clients, as the most dedicated partners would. »
Armelle de Tinguy, Partner at Elaia, stated, « HarfangLab continues to demonstrate remarkable progress. At Elaia, we are delighted to continue supporting this exceptional team, whom we have proudly backed since the beginning. The outstanding achievements to date and the proven high-performance of their product point to a promising future for HarfangLab as it sets its sights on the next frontier of cybersecurity. We eagerly anticipate continuing our journey alongside the team. »
Other voices in the investment community echoed strong confidence in HarfangLab, recognizing its robust technical capabilities and envisioning its ascent as a European cybersecurity leader in the foreseeable future.
Notably, this Series A funding follows a previous €5 million investment led by Elaia in 2021, which was channeled into research and development, enabling HarfangLab to craft its current high-performing, user-friendly, and scalable EDR tool.
Any similarities in content or structure between this article and the news article titled “HarfangLab Secures €25m in Crédit Mutuel-Led Cybersecurity Funding Round,” published on October 9, 2023, by Fintech Global, are purely coincidental.