12 February 2020:
CybelAngel has raised $36 million in Series B round of funding from a consortium of European VCs and successful US based entrepreneurs. This funding round was led by Prime Ventures, alongside TempoCap, with participation from Bpifrance and Open CNP.
CybelAngel’s new investors include angel investors Olivier Pomel and Alexis Le-Quoc (Datadog), Renaud Deraison (Tenable), Lou Shipley (formerly Black Duck Software), and Stephan Dietrich (Neolane, acquired by Adobe).
With this funding round, the company has raised $52 million in funding to date.
The company will use the fresh capital for global expansion, partnerships and product development.
As part of funding, Pieter Welten, Partner at Prime Ventures, will join the CybelAngel’s Board of Directors.
Pieter Welten, Partner at Prime Ventures, 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.”
Damien Henault, partner at TempoCap said, “CybelAngel’s platform, based on a unique combination of AI and human expertise, represents a real paradigm shift in the industry and we’re proud to invest in a cybersecurity firm that is truly disruptive and innovating at scale. We look forward to supporting their success over the coming years.”
CybelAngel was founded in 2013. It helps companies manage digital risk in real time. Its platform detects over one billion documents per day and uses artificial intelligence to assess the sensitivity of the information it finds.
(Image – CybelAngel)