– NETHERLANDS, Amsterdam – EclecticIQ, a global threat intelligence, hunting, and response technology provider, has raised €20 million in Series C financing led by Ace Management, bringing the total funds raised to date to over €47 million.
Concurrent with the financing, François Lavaste, Partner at Ace Management will join the board of directors.
“We are convinced that Ace Management’s new investment will help the company to improve and accelerate its solutions that enable the world’s biggest governments and commercial enterprises to identify and protect against the most intense cyber threats.” said François Lavaste, Partner at Ace Management.
Other contributors to the funding round include Capricorn Digital Growth Fund and Quest for Growth, Invest-NL, Arches Capital, and existing investors INKEF Capital, KEEN Venture Partners, and KPN Ventures.
Funding will go towards deepening the company’s commitment to government, large enterprises, and service providers, expanding its portfolio, and increasing the company’s global footprint. With this investment, EclecticIQ will accelerate its strategy to transform from a leading threat intelligence platform vendor into an innovative cybersecurity leader across the globe.
The financing will drive further innovation of the platform with new use cases, enabling governments, large enterprises, and service providers to effectively manage threat intelligence, create situational awareness, and adopt an intelligence-led cybersecurity approach.
To accelerate growth, EclecticIQ will use the funding to expand its commercial teams in Europe and the United States and establish a presence in the Middle East, Africa, and the Asia Pacific. Leveraging its experience with governments, and some of the most targeted enterprises globally, the company will expand its focus to new segments and strengthen its global partner ecosystem.
Joep Gommers, EclecticIQ’s co-founder and CEO said, “It is exciting to bring in a high-caliber cyber investor like Ace Management, which shares our vision of threat intelligence at the core of cybersecurity, and sees the opportunity to transform the industry by solving massive challenges faced in threat detection, hunting and response. This financial investment will enable EclecticIQ to drive the industry forward and support our clients more effectively facing an ever-evolving threat landscape.”
About EclecticIQ
EclecticIQ is global threat intelligence, hunting, and response technology provider. Its clients are some of the most targeted organizations, globally. To build tomorrow’s defenses today, these organizations have to understand the threats against them – and align their efforts and investments to mitigate their risks. EclecticIQ helps governments, large enterprises, and service providers effectively manage threat intelligence, create situational awareness, and adopt an intelligence-led cybersecurity approach. The company extended its focus towards hunting and response with the acquisition of Polylogyx’s end-point technology in 2020. Founded in 2014, EclecticIQ operates globally with offices across Europe, North America, and via certified value-add partners.
For more information: https://www.eclecticiq.com/
About Ace Management
Ace Management, a subsidiary of Tikehau Capital, is a private equity firm specialized in strategic industries and technologies, with over €1Bn in assets under management.
Founded in 2000, Ace invests through sector-focused approaches (midmarket private equity in Aerospace & Defence and venture and growth capital investments in Cybersecurity / Digital Trust). Ace has built its model on strategic partnerships with large corporates (including Airbus, Safran, Dassault Aviation, Thales, EDF, Naval Group, Sopra Steria), which invest in its funds and maintain an ongoing dialogue with the firm, enabling Ace to take a differentiated approach to invest. Ace operates offices in Paris (HQ), Toulouse, Bordeaux, and Montréal, and benefits from the worldwide presence of Tikehau Capital.
For more information: https://www.acemanagement.fr/
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