CybelAngel, a Paris, France-based Big Data technology cybersecurity startup, secured €3M in funding.
Serena Data Ventures, the Serena Capital fund dedicated to Big Data and AI, made the investment.
The company intends to use the funds to accelerate its international expansion and intensify its R&D efforts to enhance the machine learning and artificial intelligence algorithms that process data. In conjunction with the funding, Bertrand Diard, Venture Partner of Serena Data Ventures and co-founder of Talend & Influans, joined CybelAngel’s Board of Directors.
Led by Erwan Keraudy, CEO, CybelAngel offers an innovative cybersecurity technology to protect companies from document leaks on the Internet. Everyday, the platform detects one billion sensitive documents that are freely accessible online, which can jeopardize a company’s R&D projects, its client databases, its commercial strategy or even its IT networks. CybelAngel locates this information as soon as it is made accessible online; then it alert its clients before a hacker or a competitor finds it and takes advantage of it.
CybelAngel currently works with some of the largest European companies, from various industries.