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Harfanglab, cybersecurity specialist, raises 5 million euros

02 Jun, 2021
Harfanglab, founded in 2018 by Grégoire Germain, has developed an AI-based cybersecurity solution that ensures the highest level of data security for businesses by countering ransomware attacks. Its endpoint detection and response (EDR) software has been approved by the French National Agency for the Security of Information Systems (ANSSI).

The company has recently raised €5 million in a funding round led by Elaia, a French venture capital firm. The funds raised will be used to continue the development and commercialization of its software, while expanding its team with the recruitment of about ten experts.

Ransomware attacks have become an increasingly serious problem for companies of all sizes. These attacks can cause significant financial and reputational damage, as well as put sensitive data at risk. Harfanglab's AI-based solution can help companies detect and respond to such attacks in real-time, providing a crucial layer of protection.

Elaia, the lead investor in this funding round, is a French venture capital firm that specializes in early-stage investments in high-growth companies. Their portfolio includes a number of successful startups in various sectors, including cybersecurity.

Harfanglab's recent funding round is a positive sign for the company and the broader cybersecurity industry. The increasing threat of cyber attacks has made cybersecurity a top priority for businesses around the world, and innovative solutions like Harfanglab's are in high demand. With the support of Elaia and other investors, Harfanglab is well positioned to continue its growth and make a significant impact in the cybersecurity space.

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