Paris, February 10th, 2022 – Gatewatcher, a European cybersecurity leader in intrusion detection and advanced threats, has announced its first round of funding. The €25 million round is being led by Move Capital Fund I, a growth equity fund (managed by Kepler Cheuvreux Invest), with €15 million in equity and several financial partners providing €10 million in non-dilutive financing.
Internationally recognised cyber detection products
Gatewatcher markets AIonIQ, an NDR (Network Detection & Response) platform combining artificial intelligence with advanced mapping functions to protect digital infrastructures and the cloud against cyber threats. Gatewatcher’s also offers the ANSSI-qualified Trackwatch solution, which ensures the protection of deemed “vital operators”, and LastInfoSec, a Cyber Threat Intelligence solution that offers enriched information on threats specifically targeting a sector or organisation.
Founded in 2015 by Jacques de La Rivière and Philippe Gillet, Gatewatcher has more than 70 employees in France and abroad. 100% self-financed since its creation, the company has experienced strong growth thanks to the quality of its products, which drastically reduce cyber risk by detecting cyber threats upstream, and protect companies of all sizes, as well as government and other critical organisations.
Two priority areas of development for this first round of funding
« We are delighted to finalise this capital increase with Move Capital Fund I, whose technological expertise and European footprint will enable us to consolidate our position as market leader in cyber detection across Europe, and to accelerate our international growth, » explains Jacques de La Rivière, CEO of Gatewatcher. « We are already active in Northern Europe, Asia, the Middle East and North Africa, and we are planning to open 200 new positions in France and internationally in the coming months. »
In addition to expanding Gatewatcher’s international presence, the company also aims to further provide quality technical offerings that meet the needs of businesses of all sizes. « Our advanced solutions provide an immediate improvement to current cybersecurity issues and a tailored response to the new detection needs of organisations thanks to a 360° view of cyber threats. They combine machine learning algorithms with various state-of-the art network traffic analysis methods. They are designed to be scalable and immediately operational for easy integration. This fundraising will allow us to deploy sales forces in France and internationally and to support our R&D efforts, » adds Jacques de la Rivière.
« We are delighted to be acquiring a stake in Gatewatcher, a resolutely visionary company, whose quality and effectiveness of its detection technology have convinced us. Gatewatcher is perfectly aligned with our investment strategy, which consists of supporting high-potential technology companies in sectors that are important for French and European digital sovereignty, » explain Sophie Sursock and Hervé Malausséna, Founding Partners of Move Capital Fund I.
European leader in intrusion detection and advanced threat detection, GATEWATCHER has been protecting the critical networks of large companies and public institutions since 2015. Our solutions provide an immediate improvement to the current cybersecurity challenges and an adapted response to the growing needs in threat detection of organizations.
Our vision is to offer a flexible (cloud, on-premises, hybrid), scalable, innovative, open to new technologies and artificial intelligence without disrupting the existing architecture. But also to facilitate the operations of CyberSecurity teams to enable them to be more efficient in prioritizing their remediation actions.
Move Capital Fund I / KC Invest :
Move Capital Fund I is managed by KC Invest, an AMF-approved management company, and invests in growth equity in the field of technology and digital services and solutions for companies with strong scale-up potential. In addition to its track record in technology investment, the investment team benefits from a rich experience in entrepreneurship and operational management of technology companies. It also relies on a strategic committee of experts including technology specialists who use all their experience and know-how to identify high-potential targets and to support the growth of companies in a virtuous way, notably through a rigorous ESG approach.