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 /PRNewswire/ -- 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.
- The financing will enable CybelAngel to increase their footprint in North America, where they have already established themselves serving iconic brands. CybelAngel is hiring a U.S. team of experts in cybersecurity sales and marketing.
- CybelAngel will also use this funding to respond to cybersecurity market growth in Europe by growing their European sales and marketing teams.
- CybelAngel created their risk management capabilities in 2014 and will be using the funding to continue innovating to address new sources of leaks and breaches to keep up with the pace of digital transformation.
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
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