Le Lézard
Classified in: Science and technology, Business
Subject: VEN

Digital Risk Management Platform CybelAngel Raises $12 Million to Fuel Growth in Cybersecurity Market and Expand Globally


CybelAngel offers an industry-leading solution that proactively protects organizations from digital threats across the open, deep, and dark web, as well as all connected devices.

NEW YORK, Oct. 11, 2018 /CNW/ -- CybelAngel, the industry leader in protecting companies' critical information assets from malevolence and negligence, announced today an investment of $12 million led by technology growth equity investors Bpifrance and Serena. The financing will be used to fund CybelAngel's global expansion and the continued development of their unique AI-powered technology platform.

"CybelAngel is the best-performing data leak detection technology known today," said Jean-Yves Poichotte, Global Head of ITS Cyber Security at Sanofi, a global biopharmaceutical company and customer of CybelAngel.

CybelAngel detects over 1 billion documents per day, and uses artificial intelligence to assess the sensitivity of the information they find. The company's platform helps enterprises manage digital risk in real time by providing them with relevant, actionable information, enabling effective remediation and takedown. CybelAngel helps organizations protect their intellectual property, brand, and reputation with a solution that complies with relevant regulatory requirements.

Working closely with dozens of major customers, CybelAngel is shaping the future of threat intelligence and digital risk management by building on the foundations of innovative AI and superior human intelligence.

Erwan Keraudy, CEO of CybelAngel, said, "This funding enables CybelAngel to build out our U.S. presence while simultaneously commencing important product development efforts that were informed by many of our new U.S. customers. The acceleration of digital transformation has created an explosion of risks due to both malevolent and negligent third parties. These risks are now at the heart of enterprise boards' critical concerns."

"We're thrilled with CybelAngel's next step. Due to significant customer demand, CybelAngel needed to increase the team in the U.S. much sooner than expected," said Bertrand Diard, venture partner at Serena Data Ventures. "They will now be able to better serve the base of customers they have recently acquired there."                                                 

Nicolas Herschtel, Deputy Director for Bpifrance Large Venture Fund, said, "We are thrilled to join this round of funding, as CybelAngel is a pioneer in state-of-the-art technology that protects customers from data leaks and breaches. CybelAngel's presence in the cybersecurity market since 2014 has allowed their machine learning technology to develop a significant edge in protecting customer data."

About CybelAngel
CybelAngel is a leading digital risk management platform providing enterprises with actionable threat intelligence that enables effective remediation and improved cybersecurity posture.  By leveraging artificial intelligence and proven machine learning capabilities, to monitor, detect and manage digital risk across all layers of the Internet, CybelAngel helps organizations protect their intellectual property, brand, and reputation. Every day, CybelAngel detects data leaks that others don't. To learn more, visit www.cybelangel.com

SOURCE CybelAngel


These press releases may also interest you

at 05:00
TAL Education Group ("TAL" or the "Company") , a smart learning solutions provider in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year 2024 ended February 29, 2024, before the market...

at 04:00
Halfpricesoft.com offers a seamless and secure solution for in-house payroll processing with the l atest 2024 ezPaycheck YTD feature for those switching to the program, mid-year. The application is also combine d with features that have long...

at 04:00
U Power Limited (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that the Company held an extraordinary general meeting of...

at 04:00
"The tourism data for Milan in 2023 reached an all-time high, and it's a success we must share among many stakeholders, both public and private, including the dense network of accommodation facilities in the city. We need virtuous examples like Hotel...

at 03:59
Timekettle, a fast-growing cross-language communication solutions innovator, has successfully wrapped up its #SpringTravelWithTimekettle campaign on Instagram. Running from March 18 to 24, Timekettle encouraged global travelers to share their...

at 03:52
The progressive decrease in hearing in elderly people can represent a major problem for their quality of life: it has in fact been demonstrated that critical issues such as these, in addition to being a problem as such, can...



News published on and distributed by: