CyGO Entrepreneurs, a Lyon-based enterprise studio devoted to fostering innovation within the European cybersecurity sector, has introduced its inaugural €5 million fundraising spherical to help the creation of 10 cybersecurity startups.
This milestone funding was led by key European tech figures and supported by the French Tech Acceleration fund, managed by Bpifrance, together with BNP Paribas Growth.
Aurélie Clerc, co-founder of CyGO Entrepreneurs, remarked: “CyGO Entrepreneurs is way more than a cybersecurity challenge; it’s a name to a brand new technology of European leaders, able to steering the long run industrial successes of our sector. The help of those main buyers permits us to pave the way in which for sturdy, formidable, and Europe-rooted cybersecurity.”
Based by entrepreneurs Laurent Hausermann and Aurélie Clerc, CyGO Entrepreneurs advantages from their mixed years of expertise in constructing and scaling companies.
Laurent Hausermann, Co-founder of CyGO Entrepreneurs, provides: “The emergence
of cybersecurity champions is a necessity for Europe, and this help from influential
entrepreneurs and buyers highlights the urgency and significance of this challenge. We
are grateful for this belief and excited to construct worldwide firms able to
addressing tomorrow’s challenges.”
In response to CyGO, as geopolitical threats and cyber dangers intensify, the necessity for modern, scalable, and European-rooted cybersecurity options is turning into more and more pressing. CyGO Entrepreneurs goals to handle this hole by launching startups designed to deal with real-world challenges with velocity and effectivity.
By leveraging the experience of their community of cybersecurity practitioners and entrepreneurs, the studio appears to shorten the time to marketplace for new options and assist startups speed up income technology.
The studio’s imaginative and prescient extends past merely launching startups. It goals to create a aggressive European cybersecurity ecosystem, fostering innovation and cultivating firms able to addressing safety challenges on a world scale.
Malte Pollmann, former CEO of cybersecurity agency Utimaco and an investor within the spherical, emphasised: “Investing in CyGO Entrepreneurs means leveraging the priceless wealth of expertise. By reworking the insights and experience of its founders and companions into an actionable methodology, the studio empowers its startups to navigate the crucial phases o f progress extra shortly and successfully, establishing themselves within the European market.”
Pierre Gillet, Funding Director at Bpifrance, acknowledged: “By investing in CyGO Entrepreneurs, we reaffirm our dedication to strengthening technological sovereignty. This challenge embodies a transparent ambition: to create firms able to competing globally whereas consolidating the native ecosystem. We’re delighted to contribute on behalf of the French authorities.”
The studio plans to utilise the funding to help its startups with operational and technical experience, foster collaboration amongst cybersecurity specialists, and lay the groundwork for long-term industrial success.