Mantra, a French start-up that has developed a platform to train employees in preventing phishing attacks, recently raised €1.6 million in its first seed funding round. The funding was provided by OneRagTime, Bpifrance, Axeleo Capital, and well-known cybersecurity business angels including Laurent Hausermann, Benjamin Fabre, and François Wyss.
Mantra's platform provides employees with training to help them identify and respond to phishing attacks, which is a common tactic used by cybercriminals to gain access to sensitive information. The start-up has already gained over 4,000 users, including companies such as Dataiku, Aircall, Sorare, Theodo, and Pennylane.
With this seed funding, Mantra plans to hire around ten new employees, strengthen its technology, and expand the existing features related to protection and detection. The company was founded in 2020 by Gaspard Droz and Guillaume Charhon, and it has received recognition for its innovative approach to preventing phishing.
OneRagTime, one of the investors in this funding round, is a European venture capital firm that invests in early-stage start-ups. Bpifrance, another investor, is a French public investment bank that supports the development of French businesses. Axeleo Capital is a venture capital firm that invests in early-stage start-ups in the cybersecurity sector.
Mantra's seed funding round is a positive sign for the start-up and highlights the importance of preventing phishing attacks. As the threat of cybercrime continues to grow, companies that can help employees identify and respond to these attacks will become increasingly valuable.