European cybersecurity firm Sekoia.io on Wednesday announced that it has raised €35 million (roughly $37.5 million) in Series A funding, which brings the total raised by the company to €45 million ($48.2 million).
Banque des Territoires, Bright Pixel (former Sonae IM), and previous investors BNP Paribas Développement, Omnes Capital, and Seventure participated in the funding round.
Launched in 2020, the Paris, France-based Sekoia.io offers a security-as-a-service (SaaS) platform to help organizations identify and react to emerging threats in real time.
Sekoia.io offers a SOC platform that combines XDR capabilities with cyber threat intelligence to monitor for ransomware and other types of malicious attacks.
The platform also offers interoperability, integrating with customers’ existing cybersecurity solutions for single-place control.
Sekoia.io currently has roughly 100 employees and is looking to expand its presence in new markets.
“Thanks to the confidence of our investors and partners, we now wish to widely distribute our innovative technology in order to become the leader in cyber detection and response in Europe,” Sekoia.io CEO Freddy Milesi said.
Related: Crosspoint Capital Partners Acquires Absolute Software in $870 Million Deal
Related: OpenSSF Receives $5 Million for Open Source Software Security Project
Related: SquareX Raises $6 Million for Browser Security Product
Related: Webb Raises $7 Million for Blockchain Asset Transfer Privacy System