Paris-based cybersecurity firm ProvenRun secures €15 million in Series A funding to boost development of secure automotive products and expand in North America.
ProvenRun, a Parisian cybersecurity company specifically focusing on connected vehicles and smart devices, has secured €15 million in a Series A funding round. The investment is earmarked to accelerate the company’s development of automotive security products as well as North American expansion plans.
ProvenRun’s €15 million Series A round was led by Tikehau Capital and arrives via the private equity firm’s new cybersecurity-focused fund, one it claims to be the largest vehicle of its type dedicated to digital security in Europe. The Series A round also drew the participation of the French Ministry of Defence’s Definvest fund, managed by Bpifrance.