Paris, October 12, 2022 — TEHTRIS, French publisher of the TEHTRIS XDR Platform and
technological leader against cyber espionage and cyber sabotage, announces its
second fundraising of 44 million euros (including 36 million in growth equity)
led by Jolt Capital, a specialist in corporate private equity
responsible deeptech, accompanied by the historic funds of Series A, Tikehau Ace
Capital, the European leader in private equity in digital security,
Open CNP, the Corporate Venture Fund of CNP Assurances, and Nouvelle-
Aquitaine Co-Investment (NACO). This is a record raise for a company
developing extended detection and response (XDR) technologies.
TEHTRIS develops and markets the TEHTRIS XDR Platform (eXtended Detection and Response) cyber defense solution that detects and neutralizes known and unknown cyber threats in companies and administrations in real time and without human action. This cyber defense solution is interoperable for enhanced and hyperautomated remediation.
Founded in 2010 by Éléna Poincet and Laurent Oudot, leaders in the fields of operational and technical intelligence, TEHTRIS employs more than 260 employees in Europe. Since raising €20 million in Series A in November 2020, TEHTRIS has created 220 jobs in France and Europe and opened its subsidiaries in Germany, Spain, Japan and Canada to meet its ambition to build real global digital trust thanks to its TEHTRIS XDR Platform technology and its 24/7 “Follow the Sun” business and technical support.
This growth equity round is intended to accelerate the development of the company by continuing its policy of massive recruitment (300 jobs being created), constant innovation in the development of solutions, as well as the multiplication of its commercial forces, at the service of its customers and partners. The aim is to help businesses around the world fight against cyber aggressions such as data hacking or ransom demands.
The TEHTRIS XDR Platform protects the digital territory of its customers in more than 120 countries, offering an extensive capacity to detect and respond to security incidents. Interoperable, the platform replaces some limited traditional products by orchestrating the various cybersecurity solutions with its Artificial Intelligence, its behavioral analysis engine and its threat base updated in real time (CyberThreat Intelligence), for increased and hyperautomated remediation. TEHTRIS's innovative sensors support operating security service provider partners, who monitor millions of IP addresses and analyze tens of billions of events on systems, networks and the Cloud every week.
“We are delighted with this new stage in our development to bring the excellence of French technology to the world, in the service of European digital autonomy. As a company with a mission, we are committed with our teams to protecting cyberspace so that it becomes an environment of trust and a future. As a major player in cybersecurity, we also have an economic role and are creating 300 new jobs”, introduces Eléna Poincet, CEO of TEHTRIS, “The impacts associated with cyber threats go far beyond the digital world and borders. Our deployment in Asia (Hong-Kong, Japan), America (Canada), and Europe (Canada) and Europe (Canada) and Europe (Spain, Germany) complements the initial core in France, at the service of our international customers, major players in industry, engineering and services.”
“There have never been so many successful cyber attacks and intrusions on the planet. The contribution made by this growth tour accompanies our strategy of research and development and constant innovation in the service of an ongoing arms race. The speed of defenders will be one of the major key factors, in the service of the resilience of digital infrastructures.”, explains Laurent Oudot, CTO of TEHTRIS, “Detection and analysis remain an important basis, but the period of pandemic followed by extraordinary international tensions have proved that responding to threats requires solutions that minimize response time and a global vision of threats, in the face of data piracy and numerous requests for ransom. Let's.”
“The cost of cybercrime in the world tripled during the Covid pandemic to exceed 3 trillion dollars annually, or about France's GDP, and by 2030 this amount could be multiplied by 10. Needless to say, with the proliferation of new malware strains and the complexity of information systems, traditional cyber protection solutions are no longer sufficient. The TEHTRIS XDR platform allows its customers to deal instantly and effectively, in particular through the use of AI, with this inflation of attacks. The excellence and technological maturity of the product, the attention paid to the quality of recruitment and the significant potential for growth in markets throughout Europe and Southeast Asia, this makes TEHTRIS a true leader that we are delighted to see integrated into the Jolt portfolio.” said Guillaume Girard, Managing Partner at Jolt Capital.
“Tikehau Ace Capital is very proud to support the spectacular development of Tehtris since 2020 and to continue supporting the founders Eléna and Laurent with Jolt Capital. The creation of European champions in cybersecurity is a priority of our investments and we intend to remain a trusted partner of the company. Today TEHTRIS demonstrates all the qualities required for a successful scale-up: the expertise of the teams that detect and neutralize the most sophisticated computer attacks, the global positioning of the company, and the support of renowned partners, allow it to support its customers globally.” adds François Lavaste, Executive Director at Tikehau Ace Capital
About TEHTRIS (https://tehtris.com)
Founded in 2010, TEHTRIS is the publisher of the TEHTRIS XDR Platform, a world leader in the automatic neutralization of cyberattacks in real time and without human action. With its “Security & Ethics by Design” engineering, this solution provides cybersecurity specialists with a holistic view of their infrastructure, while guaranteeing the confidentiality of their data. Interoperable, the TEHTRIS XDRplatform is compatible with security solutions on the market by means of its APIs and its integrated orchestrator. Thanks to its technology, the company is positioning itself as a European trusted third party. With its international partners, TEHTRIS XDR Platform monitors, analyzes, detects and neutralizes threats around the world for the benefit of major players in industry, transport, transport, engineering, services and administrations. Constantly watching out for cybercrime and listening to its customers, TEHTRIS supports them to reduce risks as much as possible and deal with the unpredictable. In November 2020, TEHTRIS raised a record amount of cybersecurity funding, 20 million Euros in Series A, from sector investors. TEHTRIS is recruiting to accelerate its development and continue its technological research strategy.
About Jolt Capital (www.jolt-capital.com)
Jolt Capital is a management company specialized in investment for growth in advanced technology companies, whose mission is to train future European leaders with a global vocation. Since 2011, Jolt Capital has invested in European B2B companies, which achieve a turnover of between €10 million and €50 million. The Jolt Capital team is composed only of investors and experienced managers of high-tech companies. The company is located in Paris, Lausanne, Lausanne, Copenhagen and Milan. Its proprietary AI platform Jolt.Ninja allows enriched sourcing, accelerated duediligences and the automatic detection of investment or acquisition targets.
About Tikehau Ace Capital (www.tikehau-ace.capital)
Tikehau Ace Capital is a private equity firm specializing in strategic industries and technologies, with 1.3 billion euros in assets under management. Founded in 2000, Tikehau Ace invests with a vertical approach in strategic industries (for example, aerospace, defense, and technologies such as cybersecurity). Tikehau Ace Capital has built its model on strategic partnerships with large companies (including Airbus, Safran, Dassault Aviation, Thales, EDF, Naval Group and Sopra Steria), which invest in its funds and maintain a permanent dialogue with the company, allowing Tikehau Ace Capital to adopt a differentiated approach to investment. Tikehau Ace Capital is present in Paris, Toulouse and Madrid, and benefits from the global presence of TikehauCapital.
About CNP Assurances
A major player in the French personal insurance market, CNP Assurances is present in 19 countries in Europe, particularly in Italy, and in Latin America, where it is very active in Brazil, its second largest market. As an insurer, co-insurer and reinsurer, CNP Assurances has more than 36 million insured persons in prevention/protection and more than 11 million in savings/pension plans worldwide. In accordance with its economic model, its solutions are distributed by multiple partners and adapt to their physical or digital distribution method, as well as to the needs of customers in each country in terms of protection and comfort. CNP Assurances is a subsidiary of La Banque Postale. It achieved a net profit of 1.552 billion euros in 2021.
About NACO (Nouvelle-Aquitaine Co-Investissment)/M Capital
Created by the Nouvelle-Aquitaine Region, NACO is a Regional Co-Investment Fund endowed with €60M. It is dedicated to the support and financing of all companies in New Aquitaine that are committed to economic, social and ecological change. NACO is advised and deployed by the management company M Capital, located in New Aquitaine with teams in Bordeaux, Poitiers and Limoges.
