Paris-based start-up elba, a cybersecurity platform for teams, has raised €2.5 million in its first funding round.
elba will use the funding to expand internationally and invest in research and development.
The brainchild of co-founder and CEO Théo Rouer, he came up with the idea for elba with start-up studio eFounders after launching a cybersecurity awareness company to help SMBs’ IT teams train their employees.
Not quite the fix he thought it was he saw that awareness-only solutions were not effective in the long term – in a world where SaaS usage is exploding, an everyday use software solution was the only way to go.
elba integrates with its clients’ SaaS ecosystem, detects security issues, and notifies their teams to fix them in one click.
After launching six months ago the start-up already has garnered more than 100 customers such as Zenchef, Deepki, Resilience, and Equativ.
The funding round is led by XAnge with participation from Kima Venture, Plug and Play US, Uncorrelated, and Angel Invest, as well as leading security experts such as Netflix’s former CISO Jason Chan, Sqreen’s CTO Jean-Baptiste Aviat, and GitGuardian’s CTO Eric Fourrier.
Read more on Tech Gist Africa:
French medtech startup TISSIUM bags €50M
