French cybersecurity startup CrowdSec on Thursday announced raising €14 million ($14 million) in Series A funding for its crowdsourced threat intelligence solution.

The funding round, which brings the total investment in the company to more than $21 million, was led by Supernova Invest, with participation from Breega. The money will be used to improve CrowdSec’s technical capabilities and expand operations to the United States.

Founded in 2020, CrowdSec has created a participative and open source intrusion prevention and detection system that assesses the reputation of an IP address based on its behavior.

CrowdSec says its software has been installed more than 100,000 times, including by governments, financial institutions, ecommerce companies, and media organizations across 175 countries.

This community has helped the company identify threats and create a real-time database of malicious IPs that members can block in an effort to protect their systems against bots, DDoS attacks, brute-force attacks, scanning, troll farms, and other threats.

CrowdSec claims it can provide customized remediation for more than 50 attack types.

“At the heart of CrowdSec is a simple but powerful idea: community action. 40 years of cybersecurity has proven isolated cybersecurity defenses to be largely ineffective, regardless of the vast resources invested by companies, institutions and governments,” said CrowdSec CEO Philippe Humeau.

He added, “CrowdSec’s unique strength lies in numbers and in applying a concerted, global approach to a global problem. Cybercriminals are outnumbered tens of thousands to one by legitimate Internet users, all of whom can now join forces to protect themselves and each other.”

By Eduard Kovacs on Fri, 07 Oct 2022 10:05:04 +0000
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