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 Penetration Testing

Tenacy

Seed Round in 2022
Tenacy is a developer of cloud-based risk assessment and management software focused on enhancing cybersecurity processes across various organizational contexts. The platform enables businesses to assess and define risks, manage incidents and deviations, and create dashboards for performance measurement. It also offers benchmarking data and decision support tools, allowing organizations to integrate precise and customized cybersecurity governance. By providing a collaborative environment, Tenacy helps companies protect their assets and improve operational efficiency in managing cybersecurity 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.

Agilitest

Seed Round in 2021
Agilitest specializes in a no-code functional testing platform that enables users to create, maintain, and automate software tests across various technologies, including web, desktop, mobile, and web services. The platform is designed to support both technical and non-technical software testers, providing an intuitive and robust solution for functional testing. By streamlining the testing process, Agilitest helps organizations achieve their automation goals effectively, ensuring a comprehensive view of software quality at all times. As Agile methodologies and DevOps practices gain traction, Agilitest's approach caters to the evolving needs of software development teams, facilitating scalable codeless functional testing.

Ponicode

Debt Financing in 2020
Ponicode SAS is a Paris-based company founded in 2019 that specializes in developing an artificial intelligence and machine learning platform for software testing. The platform simplifies the process of creating, modifying, and visualizing unit tests for JavaScript code. With an intuitive interface, Ponicode allows users to set up and integrate testing capabilities into their integrated development environments (IDEs) quickly and seamlessly. The tool automates the generation and maintenance of test files, which alleviates the burden of tedious preparation tasks, such as configuring testing frameworks or selecting libraries. By streamlining the testing process, Ponicode enables developers to focus on their core business activities while ensuring that their software functions are thoroughly tested and reliable.

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.

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.

TestWe

Series A in 2017
TestWe SAS, founded in 2014 and based in Paris, France, specializes in secure computer-based examination software tailored for educational institutions, including primary schools, high schools, colleges, universities, and corporate training programs. The platform allows examiners to create various types of assessments, such as multiple-choice questions, short answer questions, and essays, enabling a flexible evaluation process. TestWe's software is designed for a seamless user experience, permitting students to take exams on their own devices in both online and offline modes, thereby reducing stress and enhancing focus. Additionally, the platform streamlines the workload for educators, allowing them to create and grade assessments efficiently while incorporating multimedia content. By adopting TestWe's solution, institutions can significantly reduce operational costs and save substantial time in exam management and grading processes.

Neotys

Series B in 2014
Neotys SAS develops load testing tools for Web applications in North America, EMEA, and Asia. It offers NeoLoad, a software to test Web applications under increasing loads; and test a Web application prior to its production phase for deploying them over Internet, intranet, and mobile environments. The company also provides Neotys Team Server, a central Web-based server to collaborate on test projects and test multiple applications; and on-site and online training, consulting, and cloud testing services, as well as service packages for load and performance testing of Web and mobile applications. Neotys SAS was founded in 2005 and is based in Gemenos, France with an additional office in Lexington, Massachusetts.

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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