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Founded in 2014, EclecticIQ is a global threat intelligence, hunting and response technology provider.
The company’s strategic positioning as a sole European player in the cyber threat intelligence (CTI) software space has enabled it to build a tier-1 customer base composed of central governments, large financial organizations, telecoms and big tech companies. Leveraging its acquisition of PolyLogyx and experience with its most demanding customers, the company is well positioned to develop new solutions to re-imagine how organizations detect, hunt and respond to sophisticated threats. It recently reached an important milestone in the development of its platform with the launch of a new Endpoint Detection & Response (EDR) solution.
This additional funding will enable EclecticIQ to further accelerate the development of its Extended Detection and Response (XDR) solution, enhance its existing Threat Intelligence Platform (TIP) and further expand geographically. This financing from the European Investment Bank, the lending arm of the European Union investing in the development of technology companies in critical sectors, further reinforces the unique positioning of EclecticIQ as a Europe-based cybersecurity leader across the globe.
EclecticIQ is a 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. Founded in 2014, EclecticIQ operates globally with offices across Europe, North America, and via certified value-add partners.
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Bryan, Garnier & Co acted as Sole Financial Advisor and Sole Placement Agent to EclecticIQ on its EUR 15 million additional financing with the European Investment Bank (EIB). The financing is backed by the European Commission through the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.
This transaction follows a EUR 20m Series C round led by ACE Management, Tikehau Capital’s growth investment arm dedicated to cybersecurity and cyberdefense, and joined by Capricorn, Invest-NL, Arches Capital and existing investors INKEF Capital, KEEN Venture Partners and KPN Ventures. This brings the total funding raised by EclecticIQ over the last 12 months to EUR 35 million. The company also welcomed as a new shareholder TIIN Capital, a Dutch venture capital fund focusing on cybersecurity.
This transaction continues to demonstrate Bryan, Garnier & Co’s growing expertise in cybersecurity. Other notable transactions in the space include the minority investment of Parquest in Advens, a MDR security player, the EUR 80 million private placement in Bitfury, a leading crypto-mining company, the acquisition of Lexsi, a fast-growing MSSP company, by Orange Cyberdefense, the acquisition of Fircosoft by RELX in the fraud management software space, or the acquisition of Codenomicon by Synopsys in the embedded security space.