Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Funding/M&A

ProvenRun Banks €15 Million for Secure Connected Vehicle Software

French startup ProvenRun raises €15 million investment to build secure software for connected vehicles and IoT devices.

ProvenRun, a French company building secure software for connected vehicles and IoT devices, has raised €15 million (roughly US$16.1 million) in a Series A funding round led by Tikehau Capital through a partnership with the French Ministry of Defence’s Definvest fund.

Founded in 2009, the Paris-based firm delivers proactive protections through a secure operating system and secure applications tailored for embedded systems.

The company boasts about its leading product, called ProvenCore, being the only OS to have attained a certification level of EAL7, the highest possible on the computer security standard Common Criteria.

ProvenRun says its secure-by-design solution provides protections at multiple levels, including drivers, middleware, OS, and user applications, to minimize the entire attack surface. It offers support for a broad range of hardware architectures, including Arm and Risc-V.

According to ProvenRun, this approach also allows carmakers and IoT manufacturers to build and certify their applications faster.

The product is being marketed to industries such as aerospace, automotive, defense, and semiconductor. The company said the new investment will help accelerate its product roadmap and expand to North America.

“ProvenRun’s ambition is to raise the standards of cybersecurity and build trust in the Internet of Things. Remote cyber threats are rising and our formally proven OS provides the best line of defense,” ProvenRun founder and chairman Dominique Bolignano said.

Related: Application Security Startup ArmorCode Raises $40 Million

Advertisement. Scroll to continue reading.

Related: LLM Security Startup Lasso Emerges From Stealth Mode

Related: Application Security Startup Aikido Raises €5 Million

Related: Cavelo Raises CA$5 Million for Attack Surface Management Tech

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Gain valuable insights from industry professionals who will help guide you through the intricacies of industrial cybersecurity.

Register

Join us for an in depth exploration of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

IoT Security

A group of seven security researchers have discovered numerous vulnerabilities in vehicles from 16 car makers, including bugs that allowed them to control car...

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.

IoT Security

A vulnerability affecting Dahua cameras and video recorders can be exploited by threat actors to modify a device’s system time.

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...

IoT Security

An innocent-looking portable speaker can hide a hacking device that launches CAN injection attacks, which have been used to steal cars.