Filigran secures $35M for its cybersecurity threat management suite

Filigran, a cybersecurity startup based in Paris, is experiencing significant growth after raising $35 million in a Series B funding round, following an earlier $16 million Series A round. The company is primarily known for its flagship product, OpenCTI, an open-source threat intelligence platform which enables organizations, including public sector entities, to import and enrich threat data from various sources. This platform has garnered the support of approximately 4,300 cybersecurity professionals and has been downloaded millions of times, attracting significant users including the European Commission, the FBI, and New York City Cyber Command.

In addition to OpenCTI, which is available in both an open-source version and an enterprise edition, Filigran boasts a diverse clientele that includes major corporations such as Airbus, Marriott, Thales, Hermès, Rivian, and Bouygues Telecom. The startup’s enterprise edition can be utilized as a software-as-a-service (SaaS) or hosted on-premises, thereby providing flexibility tailored to client needs.

Filigran is building upon its initial success by launching an extended Threat Management (XTM) suite, which aims to offer integrated cybersecurity solutions. One of the new offerings is OpenBAS, a breach and attack simulation platform. While these products can function independently, their combined use allegedly provides a more comprehensive overview of potential cybersecurity risks, enhancing an organization’s threat management capabilities.

The startup’s proactive strategy capitalizes on its established reputation, allowing it to introduce additional products more efficiently. Filigran’s goal is to develop a complete suite of three interrelated products by 2026 that directly address the complex cybersecurity challenges that contemporary organizations face, according to co-founder and CEO Samuel Hassine.

Filigran is also looking to foster collaboration within the cybersecurity community by drawing inspiration from leading open source platforms like GitHub and AI development hubs such as Hugging Face. The company plans to introduce XTM Hub by the end of the year, which will serve as a central forum for users to share resources, exchange information, and connect with others involved in the Filigran ecosystem.

The Series B funding round is being led by Insight Partners, with continued investment from existing backers Accel and Moonfire. This latest round of funding not only aims to support product development but will also facilitate Filigran’s expansion into new markets. Currently operational in France, the U.S., and Australia, the company has plans to extend its presence into Germany, Japan, and Singapore.

Overall, Filigran exemplifies a rapidly growing player in the cybersecurity landscape, leveraging its popular offerings and community-driven initiatives to enhance cybersecurity practices on a global scale. The startup’s strategic development and expansion plans position it to address the increasingly intricate challenges facing organizations in today’s digital environment.