Bpifrance

Bpifrance Financement S.A. is a French financial institution that provides a wide range of financing solutions and support services for businesses at various stages of their development. Established in 1980 and based in Maisons-Alfort, France, the company offers medium to long-term loans, export insurance, real estate and equipment leasing, and working capital loans. Bpifrance also invests in startups, small and medium-sized enterprises (SMEs), and mid-cap companies through direct investments and fund management activities. Additionally, it provides consulting services for executives and training for CEOs, aiming to facilitate innovation and growth. Bpifrance was formed from the merger of several entities in July 2013, including OSEO, CDC Entreprises, and FSI, to enhance its role in supporting the financing of the French economy.

Laurent Arthaud

Managing Director

Marion Aubry

Investment Director

Emmanuel Audouard

Director of Cross-Functional Investments Venture Capital

Elyssa Maufras du Châtellier

Investment Director

Charlotte Corbaz

Deputy Director of the Large Venture Fund and Deputy Managing Director

Sofia Dahoune

Associate

Vanessa Giraud

Managing Director

Laurent Higueret

Senior Investment Director, Healthcare and Life Sciences - Large Venture Fund

Hortense Jacon

Investment Associate

Veronique Jacq

Head of Digital Venture team

So-Yeon Koo

Senior Investment Manager

Eric Lefebvre

Director

Arnaud Legardeur

Investment Director

Serge Mesguich

Director

Louis Molis

Investment Director

Adrien Neel

Investment Director

Gilles Schang

Deputy Director

Tuan Tran

Investment Director / VC

Past deals in Cyber Security

Vade

Venture Round in 2022
Vade Secure SASU specializes in email security software, providing protection against phishing, spear phishing, malware, and ransomware. The company's offerings include solutions such as Vade Secure for Office 365, Isltphishing threat detection for security operations centers, and enterprise cloud and gateway services. Vade Secure employs heuristic filtering to analyze incoming emails in real-time, effectively identifying and neutralizing threats, including zero-day attacks. Additionally, the company manages low-priority emails through its Graymail Management feature, which organizes non-essential communications into a separate folder. Founded in 2008 and headquartered in Hem, France, Vade Secure serves a diverse range of sectors including international shipping, original equipment manufacturers, hosting companies, and enterprises. With a presence in five countries—USA, Canada, France, Hong Kong, and Japan—Vade Secure supports over 500 million mailboxes in 76 countries, ensuring round-the-clock assistance for its clients.

Dfns

Seed Round in 2022
Xkey builds pure SaaS technology for digital asset security. We provide safe, cloud-native custody as a service that helps financial institutions—from startups to Tier-1 banks—transition to digital assets. It's a plug-and-play API allowing to add new assets to a portfolio and scale safely on a TSS-based institution-grade security infrastructure. Instead of using expensive, high maintenance, monolithic systems, we give access to a platform that gives our clients the freedom to release new products in days, while lowering total cost of ownership. Best-in-class, cryptographic security powered by a network of world-known Tier-1 custody banks. Plug-and-play, composable service flexibility. Continuous delivery, fast to deploy and integrate. Open API, fully-documented self-service environment. Asset agnostic support. ISO certified & compliant. Non-binding, transparent pricing. Global, agile and built for speed.

Kubo Labs

Pre Seed Round in 2022
Kubo Labs is a developer of a cloud-based platform designed to address and resolve issues within Kubernetes clusters. The platform conducts various real-life scenario simulations to identify potential misconfigurations and bad practices that can lead to security incidents or performance problems. By leveraging best practices embedded in its suite of products, Kubo Labs helps organizations detect and resolve security and operational issues in real time. This proactive approach aims to mitigate the risks associated with Kubernetes adoption, ensuring that businesses can manage their cloud environments more effectively while avoiding the rising costs often associated with Kubernetes-related challenges.

GitGuardian

Series B in 2021
GitGuardian is a cybersecurity company based in Paris, France, founded in 2017. It specializes in providing automated security solutions that focus on detecting and managing sensitive information, or "secrets," within source code. The company offers a platform that includes GitHub Public Monitoring and Private Repositories Monitoring, which help organizations identify potential data leaks and alert them to security threats in real-time. Utilizing machine learning algorithms, GitGuardian's system monitors both public and private repositories, as well as infrastructure-as-code configurations, to detect sensitive files and misconfigurations. This allows developers to enforce security policies effectively across their codebases and enhance overall cybersecurity measures. The company's services cater to a global clientele, ensuring robust protection for developers and applications.

Mantra

Seed Round in 2021
Mantra specializes in enhancing cybersecurity through its automated phishing simulation platform, which trains employees to recognize sophisticated phishing attempts. By integrating neuroscience and artificial intelligence, Mantra employs techniques such as gamification and psychological nudges to increase employee awareness and vigilance against cyber threats. This approach aims to bolster organizational defenses against phishing and other cyberattacks, ensuring that teams remain well-prepared to identify and respond to potential security risks.

iWire

Series A in 2021
iWire is a UAE based company established since 2009, providing IT services to enterprise clients. As the digital era is unfolding at a breath-taking pace, we are determined to provide leading-edge solutions in the following domains to address the new market realities. o Internet of Things o IT Optimization o Digital Transformation

VK Electronic

Debt Financing in 2021
VK Electronic provides integration, installation and maintenance services of electronic security solutions such as perimeter detection, access control, video surveillance and remote surveillance

Amedia Solutions

Venture Round in 2021
Amédia Solutions is an IT service provider and telecom operator. It is a local player specializing in B to B IT and telecoms. It has thus been able to forge various strong partnerships with publishers, manufacturers, infrastructure operators, security specialists to offer the best of IT and telecommunications.

Weliom

Venture Round in 2021
Provider of consulting services focused on information systems security, digital strategy and project management for health organizations. The company offers to build patient and user experience, taking advantage of digital innovation, support and facilitating professional practice catering to the health sector to reconcile economic, ethical and societal challenges.

Dfns

Pre Seed Round in 2020
Xkey builds pure SaaS technology for digital asset security. We provide safe, cloud-native custody as a service that helps financial institutions—from startups to Tier-1 banks—transition to digital assets. It's a plug-and-play API allowing to add new assets to a portfolio and scale safely on a TSS-based institution-grade security infrastructure. Instead of using expensive, high maintenance, monolithic systems, we give access to a platform that gives our clients the freedom to release new products in days, while lowering total cost of ownership. Best-in-class, cryptographic security powered by a network of world-known Tier-1 custody banks. Plug-and-play, composable service flexibility. Continuous delivery, fast to deploy and integrate. Open API, fully-documented self-service environment. Asset agnostic support. ISO certified & compliant. Non-binding, transparent pricing. Global, agile and built for speed.

CybelAngel

Series B in 2020
CybelAngel SAS, founded in 2013 and based in Paris, France, specializes in cybersecurity solutions that focus on detecting data leaks and counterfeiting. The company effectively identifies both stolen and accidentally leaked data, often originating from third-party partners and suppliers. CybelAngel's unique technology scans the visible, deep, and dark webs, as well as connected storage systems, which are common sources of negligent leaks. By integrating artificial intelligence with human expertise, CybelAngel ensures rapid and accurate detection of data threats. The company's smart algorithms prioritize alerts based on their clients' needs, while cyber analysts compile detailed reports for each incident to facilitate swift remediation. Through its services, CybelAngel aims to help organizations secure sensitive data, protect their reputation, and maintain competitiveness in a challenging digital landscape.

Fair&Smart

Venture Round in 2020
Fair&Smart SAS, founded in 2016 and based in Metz, France, operates a human-centric personal data governance platform designed to empower individuals and organizations in managing personal data. The platform enables users to have greater control over their personal information while ensuring compliance with privacy regulations for businesses. By facilitating the governance and free flow of personal data, Fair&Smart fosters transparency and trust between individuals and organizations. Its solutions streamline the management of consents and preferences in real-time, allowing users to exercise their rights and secure their data effectively. This approach not only enhances customer relationships but also addresses law enforcement requests in a structured manner, promoting a more transparent and trustworthy data ecosystem.

InterCloud

Series C in 2019
InterCloud SAS specializes in providing cloud computing connectivity services tailored for various platforms, including SaaS, PaaS, and IaaS. The company operates its own private global network, offering secure and efficient end-to-end links between organizations and their cloud service providers. One of its flagship services, CloudGate, facilitates private Ethernet connectivity, enabling clients to connect with application providers seamlessly. InterCloud also offers consulting services to assist businesses in migrating to the cloud and optimizing their existing cloud infrastructure. Its clientele includes major technology firms such as Amazon Web Services, Microsoft, Google Cloud, and Salesforce, among others. Founded in 2010 and headquartered in Paris, France, with additional offices in Madrid and London, InterCloud has established itself as a leader in Software-Defined Interconnectivity in Europe, helping organizations enhance their cloud connectivity while addressing security and compliance challenges.

Ryax Technologies

Venture Round in 2019
Ryax Technologies SAS is a French firm established in 2017 that specializes in developing infrastructure software for the Internet of Things (IoT). The company focuses on resource and compute management across hybrid infrastructures, including edge, fog, and cloud environments. Ryax's software facilitates complex computations of live data, optimizing application execution while ensuring robust security and data privacy. The technology is particularly tailored for sectors such as the Industrial Internet and Smart Cities, leveraging over a decade of expertise in high-performance computing. By employing advanced resource allocation and deployment techniques, Ryax enables efficient use of computational resources based on specific application requirements. The software also supports encrypted communications and data privacy management, allowing clients to control data transport. Additionally, it streamlines stream processing across the entire infrastructure and simplifies application development through an adaptable software development kit (SDK) compatible with various programming languages.

Bleckwen

Series A in 2019
Fintech created in 2016, Bleckwen is a software editor of anti-fraud solution for banks.Incubated by Ercom, Bleckwen benefits from his expertise in security industry and real-time Big Data Processing.Bleckwen has an engaged, agile and customer-oriented team supported by an experienced management.

CybelAngel

Series A in 2018
CybelAngel SAS, founded in 2013 and based in Paris, France, specializes in cybersecurity solutions that focus on detecting data leaks and counterfeiting. The company effectively identifies both stolen and accidentally leaked data, often originating from third-party partners and suppliers. CybelAngel's unique technology scans the visible, deep, and dark webs, as well as connected storage systems, which are common sources of negligent leaks. By integrating artificial intelligence with human expertise, CybelAngel ensures rapid and accurate detection of data threats. The company's smart algorithms prioritize alerts based on their clients' needs, while cyber analysts compile detailed reports for each incident to facilitate swift remediation. Through its services, CybelAngel aims to help organizations secure sensitive data, protect their reputation, and maintain competitiveness in a challenging digital landscape.

Unseenlabs

Venture Round in 2018
Unseenlabs, founded in 2015 and headquartered in Rennes, France, specializes in maritime surveillance systems that monitor oceans from space to track non-cooperative vessels globally. The company develops a spectrum surveillance payload capable of detecting and geolocating signals and electromagnetic waves emitted by ships, even when they disable their automatic identification systems. Unseenlabs offers comprehensive solutions that encompass satellite design and launch, enabling clients to locate rogue vessels involved in illegal activities such as unauthorized fishing, degassing, or maritime piracy.

Seald

Seed Round in 2017
Seald SAS is a French company established in 2016, specializing in computer data security software. Based in Bougival, it provides solutions for tracking, encryption, and securing data across various platforms. The company offers a tool that seamlessly integrates end-to-end encryption into applications, documents, emails, and workflows, allowing businesses to maintain control and security over their data regardless of its location. Seald's services aim to enhance data protection and ensure that companies can manage their information securely as it is transmitted or stored.

InterCloud

Series B in 2017
InterCloud SAS specializes in providing cloud computing connectivity services tailored for various platforms, including SaaS, PaaS, and IaaS. The company operates its own private global network, offering secure and efficient end-to-end links between organizations and their cloud service providers. One of its flagship services, CloudGate, facilitates private Ethernet connectivity, enabling clients to connect with application providers seamlessly. InterCloud also offers consulting services to assist businesses in migrating to the cloud and optimizing their existing cloud infrastructure. Its clientele includes major technology firms such as Amazon Web Services, Microsoft, Google Cloud, and Salesforce, among others. Founded in 2010 and headquartered in Paris, France, with additional offices in Madrid and London, InterCloud has established itself as a leader in Software-Defined Interconnectivity in Europe, helping organizations enhance their cloud connectivity while addressing security and compliance challenges.

Interway Group

Venture Round in 2016
Interway Group is an IT services company that provides digital technology solutions to retail companies.

SERMA NES Network Engineering & Security

Private Equity Round in 2016
SERMA NES is to accelerate its development, whilst ensuring an innovation-lead service offering in all domains of cyber security.

Synchrone

Private Equity Round in 2015
Synchrone provides its key account clients with high-level expert assessments on complex technological issues. Preferred partner of major banking and financial institutions and insurance companies, Synchrone offers tailor made solutions combining business skills, methodological know-how and technological expertise. It assists its clients in their strategic approaches: Financial/Banking, Cloud/Big data, Digital Intelligence, Expertise Center.

Ledger

Grant in 2015
Ledger develops security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology. Launched in 2014, Ledger has designed an acclaimed line of hardware security devices quickly placing the company as a global leader on the market with 1,000,000 units sold in more than 165 countries. For enterprises and corporations, Ledger introduced the Vault: a fully managed SaaS solution addressing the need to safeguard a very large amount of multiple cryptocurrencies while mitigating both IT and physical assault threats. The company is also active on the industrial IoT market, leveraging its secure hardware technology to interface sensors and machines to smart contracts or blockchain based assets. Ledger is headquartered in Paris, has a production facility in Vierzon (France) and offices in San Francisco.

Finsécur

Venture Round in 2014
Finsécur S.A., established in 1989 and based in Paris, France, specializes in the design, manufacture, installation, and maintenance of advanced fire safety systems. The company produces a wide range of products, including fire detectors, control panels, and alarm systems, such as home fire detectors, extinguishing systems, and technical alarm panels. Its offerings also encompass automatic sensors, sound diffusers, and visual signaling devices, catering to various sectors including clean rooms, computer facilities, agro-alimentary storage, telecommunications, airports, and military industries. Finsécur is recognized for its technological innovations and has received the BPI label Excellence, highlighting its status as a leader in the French high-tech industry.

Systancia

Venture Round in 2012
Systancia is a french leading company in server based computing. Thanks to its comprehensive range of software, Systancia covers all the functional and technical needs for centralised environments. By the technological values of its products, by the solutions brought to users, today Systancia gets more and more customers in France, the company goes on growing thanks to a large partner network in France and in Europe.

Wallix

Venture Round in 2012
Wallix Product ( WAB Suite) gives the most effective route to security and compliance by mitigating its users’ biggest security risk – privileged access to IT – in the shortest possible time. WALLIX was founded in 2003 with a simple vision to create the most effective and complete solution to the challenges of managing privileged user access. The result of that vision is Wallix AdminBastion (WAB) Suite, a powerful combination of password, access and session management with detailed monitoring and auditing for privileged users’ activity, that now protects hundreds of customers around the world to mitigate external attacks, to control third party access, to prevent insider threat, or to meet their regulatory compliance.

Wallix

Venture Round in 2007
Wallix Product ( WAB Suite) gives the most effective route to security and compliance by mitigating its users’ biggest security risk – privileged access to IT – in the shortest possible time. WALLIX was founded in 2003 with a simple vision to create the most effective and complete solution to the challenges of managing privileged user access. The result of that vision is Wallix AdminBastion (WAB) Suite, a powerful combination of password, access and session management with detailed monitoring and auditing for privileged users’ activity, that now protects hundreds of customers around the world to mitigate external attacks, to control third party access, to prevent insider threat, or to meet their regulatory compliance.
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