AI-powered risk platform CybelAngel raises $36m in Series B round
CybelAngel has raised $36 million in Series B funding to accelerate global expansion, build strategic partnerships and develop its AI-powered technology platform.
Based in Paris and New York, CybelAngel helps enterprises manage digital risk and protect intellectual property, detecting over one billion documents per day and using AI to assess the sensitivity of the information it finds.
The round was led by Prime Ventures and London-based TempoCap, with participation from Bpifrance and Open CNP and a number of US-based entrepreneurs including the co-founders of Datadog and Tenable.
CybelAngel says it is looking to grow the UK market to 10% of its overall revenue this year, and is looking to expand its three UK staff.
Pieter Welten, a partner at Prime Ventures, has joined the company’s board.
He said: “CybelAngel’s technology is a must-have in every CIO’s cybersecurity posture. Their solution has already been successful at saving customers billions of dollars’ worth of potential damage from data leaks.”
Founded in 2013 by Erwan Keraudy, Matthieu Finiasz and Stevan Keraudy, CybelAngel has now raised a total of $52m.
Keraudy said: “This funding enables CybelAngel to expand globally to more countries and continue to innovate to protect enterprises’ most critical digital assets from costly data leaks.
"It will also support our expansion in North America where the demand for digital supply chain protection and third-party risk management is growing exponentially.”