CybelAngel, a Paris, France and NYC-based provider of digital risk management solutions, closed a $36m Series B funding round.
The round was led by Prime Ventures along with TempoCap, with participation from Bpifrance, Open CNP and new backers Olivier Pomel, Alexis Le-Quoc, Renaud Deraison, Lou Shipley, and Stephan Dietrich. Including the new Series B, CybelAngel has received a total of $52m in funding to date. In conjunction with the round, Pieter Welten, Partner at Prime Ventures, joined CybelAngel’s Board of Directors.
The company will use the funds to accelerate global expansion, strategic partnerships and product advancement of their AI-powered technology platform.
Led by Erwan Keraudy, CEO, CybelAngel provides organizations with an AI powered digital risk management platform (that complies with global regulatory requirements) to protect their intellectual property, brand, and reputation. The system detects over one billion documents per day, and uses artificial intelligence to assess the sensitivity of the information it finds.