HarfangLab raises 25 million euros

On October 9, 2023, the French startup and Endpoint Detection and Response (EDR) specialist, HarfangLab, announced it had raised 25 million euros. Crédit Mutuel Innovation led the round alongside MassMutual Ventures and Elaia, the startup’s original investor. Created in 2018, HarfangLab had already received five million euros in seed funding in 2021.

EDR software uses behavioral analysis, machine learning and event correlation to detect and block threats, both known and unknown. Certified by ANSSI (French cybersecurity agency), HarfangLab’s EDR currently provides security for 250 organizations, “60% of which are from the private sector and 40%, from the public sector,” explains Grégoire Germain, cofounder and head of the startup.

“Thanks to this fundraising, HarfangLab will continue its strategic investments to remain ahead of the cyber threat, to broaden its EDR’s features, but also to grow on a European level and abroad,” states the press release that announced the operation.

HarfangLab even has ambitions of “becoming the European leader” in EDRs. The startup has already opened offices in Germany and aims to set up shop in Austria, Switzerland and the Benelux countries. Its workforce should double, by 85 employees, in 2024.