On May 24, 2023, French cybersecurity vendor Sekoia.io announced that it had raised €35 million in funding. Banque Des Territoires and investment funds Bright Pixel Capital, Omnes Capital, Seventure, and BNP Paribas Developpement participated in the round. The start-up had already raised 10 million euros in 2020 for its commercial launch.
Sekoia.io markets a real-time, infrastructure-wide extended incident detection and response (XDR) platform, enhanced by threat prevention tools. The start-up boasts around a hundred customers and sales that have increased by 250% over the last two years. It is aiming for sales of €10 million by 2023, although it has not yet achieved profitability.
This funding will enable the company to double its workforce, currently numbering around 100, and boost its international development. Freddy Milesi, founder and CEO of Sekoia.io, intends to “widely distribute [its] technology in order to become the leader in cyber detection and response in Europe“.
Along with HarfangLab, Pradeo, Glimps, Gatewatcher and Vade, Sekoia.io launched the OPEN XDR PLATFORM at the end of 2021, a joint security offer “with a European focus“, combining the expertise of the six vendors.