French cybersecurity company Filigran has successfully completed a $58 million Series C funding round, boosting its total capital raised to over $100 million. This significant investment, which follows a Series B round just a year ago, was led by Eurazeo’s Growth team. It also received support from Deutsche Telekom’s T.Capital and previous investors Accel and Insight Partners, showcasing continued confidence in the company’s vision and technology. This influx of capital will be instrumental in fueling the company’s ambitious growth plans and strengthening its position in the global cybersecurity market.
Founded in Paris in 2022, Filigran has developed a comprehensive platform designed to give organizations a unified and proactive view of their attack surface and security risks. The company’s flagship product, the eXtended Threat Management (XTM) suite, integrates its core solutions: OpenCTI and OpenBAS. These tools are crucial for structuring and operationalizing threat intelligence and for performing adversary emulation and security validation, respectively. By providing these capabilities, Filigran helps organizations move from a reactive to a proactive defense posture, identifying and mitigating threats before they can cause significant damage.
A key part of Filigran’s strategy is its commitment to the open-source community. The company is well-known for publishing open-source projects that help prevent cyber threats, actively engaging with other organizations to support the open-source ecosystem. This collaborative approach has been highly effective, with over 6,000 public and private organizations globally now relying on the company’s solutions to protect their systems. According to Accel partner Andrei Brasoveanu, this wide adoption demonstrates that Filigran is “redefining and democratizing access to threat management” and building a passionate community around its technology.
The new funding will be used to support Filigran’s strategic expansion into new international markets, including Japan and Saudi Arabia, while simultaneously fortifying its presence in the US and European markets. To support this growth, the company plans to increase its workforce, hiring new talent from France and Germany. This expansion of its team will be critical not only for market entry but also for continuing the development of its core platforms.
In addition to market expansion, Filigran will use a portion of the investment to accelerate its product development pipeline. A major focus is the creation of OpenGRC, a new platform module designed to help organizations prioritize cyber risks more effectively. The company also plans to speed up the integration of artificial intelligence with the development of XTM One, an AI agent platform. Furthermore, the investment will support ongoing enhancements to its long-standing OpenCTI and OpenBAS solutions, ensuring they remain at the forefront of the industry.
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