Threat detection and response startup Vade raises $30M to accelerate growth
Threat detection and response startup Vade Secure SASU revealed today that it has raised €28 million ($30 million) in new funding with an eye to accelerating its international expansion and providing additional investment to enhance its cybersecurity products for internet service providers.
Investors in the Series B round included Tikehau Ace Capital, Bpifrance (French Tech Souveraineté Fund) and Auriga. Including the new funding, Vade has raised €108 million ($116 million) to date, according to data from Crunchbase. Previous investors include General Catalyst and Isai.
Founded in 2009, Vade offers artificial-intelligence-powered threat detection and response technology for email. The company’s product is designed for ISPs, managed service providers and small to medium-sized enterprises to protect their users and businesses from advanced cybersecurity threats, such as phishing, spear-phishing and malware.
Vade’s technology uses multilayered analysis combined with heuristic methodology and behavioral analysis to leverage intelligence from 1 billion mailboxes. The behavioral approach to threat detection goes beyond a signature and reputation-based scanning, with machine learning and deep learning technologies that predict, block and remediate sophisticated attacks.
The investment comes amid an increasing need for businesses to secure their communications, both internally and externally, driven by the switch to remote work as well as the invasion of Ukraine that has increased the incidence of cyberattacks. Vade will also use the new funding to put increased emphasis on developing solutions tailored for managed security service providers with simple, rapid installation and high efficiency.
Vade has seen strong growth with a 100% increase in users for its flagship product, Vade for M365, an email security product purpose-built for MSPs, over the last year. Along with protecting one billion mailboxes, the company’s service also scans over 100 billion emails per day over 5,000 customers. Notable Vade customers include Telstra Corp., NTT Docomo Inc., Orange S.A. and BT Group plc.
“Vade has experienced tremendous growth and with remote work becoming commonplace, even after the pandemic, cybersecurity is at the top of most companies’ priority list,” said Vade Chief Executive Georges Lotigier. “This latest funding round will help us realize our ambitious plans to significantly grow in markets like North America and Asia.”
Image: Vade Secure
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