CybelAngel Secures $36M in Series B Round of Financing to Prevent Data Breaches

By StartUp City | Friday, February 14, 2020

CybelAngel is currently leading the digital risk management industry. By combining human intelligence and analysis with unique machine learning, the company is giving a promising shape to the future of digital risk management and threat intelligence

FREMONT, CA: CybelAngel, Paris, France, and NYC-based provider of digital risk management, raised $36 Million in Series B round of financing. The funding round was led by a coalition of successful U.S. - based entrepreneurs and a consortium of European venture capital firms.

CybelAngel is currently leading the digital risk management industry. Their platform provides entrepreneurs with actionable threat intelligence from data breaches both inside and outside of the firewall. CybelAngel has provided effective remedies and improved cybersecurity posture by incorporating AI and proven machine learning capabilities. Thus, it detects and manages risks from third parties and across all folds of the Internet. Many Global Organizations trust CybelAngel to manage their brand, property, and reputation.

The company is going to use the investment to expand globally more fast, and improve the capabilities of its exceptional AI-powered technology platform. CybelAngel has raised a total of $52M to date.

CybelAngel's new investors include Datadog Co-Founder and CEO Olivier Pomel, and Co-Founder and CTO Alexis Le-Quoc; Tenable Co-Founder and CTO Renaud Deraison; Black Duck Software former CEO Lou Shipley. Prime Ventures led the round alongside Tempocap with the participation from Bpifrance and Open CNP.

Top Data Analytics StartupsCybelAngel has announced that Pieter Welten, Partner at Prime Ventures, has also joined the company's Board of Directors. Welten said, "CybelAngel's technology is a must-have in every CIO's cybersecurity posture. Their solution has already been successful at saving customers billions of dollars' worth of potential damage from data leaks. We see an expansive global opportunity in CybelAngel, and we are excited to help them grow."

CybelAngel detects more than one billion documents per day. It uses AI to evaluate the sensitivity of the materials it detects. CybelAngel's platform helps them to control digital risk in time by providing the organizations with relevant information, effective remediation, and takedown. CybelAngel is working with global Fortune 500 customers in Europe and North America. By combing the human intelligence, and analysis with unique machine learning, the company is giving a promising shape to the future of digital risk management and threat intelligence.

 Erwan Keraudy, the CEO, CybelAngel, added, "The acceleration of digital transformation and the proliferation of connected devices have created an explosion of both malicious and negligent risks. This funding enables CybelAngel to expand globally to more countries and continue to innovate to protect enterprises' most critical digital assets from costly data leaks. It will also support our expansion in North America, where the demand for digital supply chain protection and third-party risk management is growing exponentially."

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