France-based TEHTRIS, a cybersecurity company, announced on Wednesday that it has raised €44M, including €36M growth equity, in its second round of funding. The company says that this is the record-breaking second fundraising for companies developing eXtended Detection and Response (XDR) technologies.
TEHTRIS is the software publisher of the TEHTRIS XDR Platform and a technology leader against cyber espionage and cyber sabotage.
The investment was led by Jolt Capital, a specialist in private equity for responsible deeptech companies. The round also saw participation from Tikehau Ace Capital – a European private equity firm in digital security, Open CNP – the corporate venture fund of CNP Assurances, and Nouvelle-Aquitaine Co-Investissement (NACO).
Making cyberspace a safe place
Founded in 2010 by Éléna Poincet and Laurent Oudot, TEHTRIS develops and markets the TEHTRIS XDR Platform (eXtended Detection and Response) cyber defence solution that detects and neutralises known and unknown cyber threats in real-time and without human action in companies and public administrations.
By adapting to various cybersecurity solutions with its AI, behavioural analysis engine, and real-time updated threat database (Cyber Threat Intelligence), the cyberdefense platform replaces some of the limited traditional products for augmented and hyper-automated remediation.
TEHTRIS’ sensors support operated security service provider partners, who monitor millions of IP addresses and analyse tens of billions of events on systems, networks, and the cloud every week.
The company employs more than 260 people in Europe. And since its €20M Series A funding round in 2020, it claims to have created 220 jobs in France and Europe.
TEHTRIS has also opened subsidiaries in Germany, Spain, Japan, and Canada to meet its goal of building a global digital trust via its TEHTRIS XDR Platform technology and its 24×7 “Follow the Sun” business and technical support.
Capital utilisation
TEHTRIS says it will use the growth equity funds to accelerate the company’s development by continuing massive recruitment with 300 jobs being created, constant innovation in the development of solutions, as well as developing its sales forces at the service of its customers and partners.
Laurent Oudot, CTO of TEHTRIS, says, “There have never been so many successful cyber-attacks and intrusions on the planet. This growth equity contribution supports our strategy of research and development and constant innovation in the ongoing arms race. The speed of the defenders will be one of the key factors in the resilience of digital infrastructures.”
The company reports that its ultimate goal is to help organisations worldwide to fight against cyber-aggressions such as data hacking or ransomware.
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