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.

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.

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“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

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Related: Application Security Startup Aikido Raises €5 Million

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