In a bid to stay ahead in the rapidly evolving cybersecurity landscape, Paris-based Filigran announced a successful $58 million Series C funding round, marking their fourth fundraising event in just three years since their inception. This latest influx of capital aims to bolster their cybersecurity products, AI initiatives, and global expansion. While the company already plays a significant role in threat management solutions, they strive to broaden their impact in new geographical regions and enhance their community-oriented approach.
Filigran’s growth trajectory has been remarkable since Sam Hassine and Julien Richard co-founded it in 2022. Initially a small team, the company now boasts close to 200 employees. By creating an edge with solutions like the eXtended Threat Management (XTM) suite that supports organisations in assessing and managing cyber threats, they have positioned themselves as leaders in the cyber threat intelligence sector. This funding will support their mission to build significant enhancements in their offerings and expand their global footprint.
What Drives Filigran’s Innovations?
Filigran is focused on three key growth areas – product enhancement, global market reach, and community support. Their open-source tools, OpenCTI and OpenBAS, are integral to understanding and simulating cyber threats, serving thousands of organisations already. Through their constant development and community engagement, Filigran aims to drive collaboration across the cybersecurity domain. The newly raised capital will allow the firm to refine existing products and invest in promising new ones.
How Will The New Funding Be Utilised?
The lion’s share of the funding will enable the rollout of Filigran’s ambitious projects such as the development of OpenGRC, an innovative platform set to modernise compliance practices through adaptive metrics and alerts. Additionally, funds will elevate the XTM One, designed as a centralised AI-native system that interlinks all XTM Suite products to streamline threat management operations. The move aims to help security teams prioritise high-value tasks, as automated tools take over more routine responsibilities.
Besides technological innovation, Filigran plans to branch out internationally, with substantial expansions in Japan, Saudi Arabia, and Germany. With an elevated focus on the United States, Filigran aims to strengthen its operations where market demand is particularly robust. These geographical expansions serve to increase the reach and applicability of the XTM suite across different business environments.
Filigran’s commitment extends beyond just providing tools. Over 6,000 cybersecurity practitioners have joined their growing community, indicating the brand’s emphasis on collaborative approaches. Through programs like its Ambassador Program, Filigran connects practitioners, fostering a knowledge-rich environment conducive to managing cybersecurity challenges collectively.
“Our mission remains steadfast,” stated the company.
“To help security teams stay ahead of threats in this fast-changing world.”
By pledging additional resources to nurture and expand their community, Filigran aims to ensure that their solutions remain in line with user needs.
“Every product we build reflects the real-world needs of the people who use them,”
they reaffirm.
Filigran’s recent funding marks a pivotal point for the company as it gears up for broader market establishment and technology advancements. The increased capital reaffirms market confidence in Filigran’s capability to provide impactful cybersecurity solutions worldwide. With new initiatives like OpenGRC and XTM One, security practitioners could find themselves better equipped to tackle emerging cyber challenges through strategic, data-driven decisions. Therefore, Filigran aligns its growth with enhanced global presence and community-driven development, navigating the complexities of the modern digital landscape.
