CybelAngel, a French cybersecurity startup, has raised $36 million in Series B funding to expand its risk management platform throughout North America. The round was led by Prime Ventures and TempoCap, with participation from Bpifrance and Open CNP.
Based in Paris and New York, CybelAngel helps enterprises manage digital risk and protect intellectual property. The platform detects over one billion documents per day, and uses a combination artificial intelligence and human expertise to assess the sensitivity of the information it finds.
Pieter Welten, a partner at Prime Ventures, has joined the company’s board of directors. “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.”
Commenting on the investment, CEO Erwan 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.”
The Series B round brings the company’s total funding to $52 million.