ProvenRun Raises €15M in Series A Funding
Summary
The round was led by Tikehau Capital, through its new vintage of Brienne, its flagship private equity cybersecurity strategy with the French Ministry of Defence’s Definvest fund, managed by Bpifrance. The company intends to use the funds to accelerate its product roadmap (automotive security applications, Risc-V architectures) and its geographic expansion into North America. Led by Dominique Bolignano, ProvenCore provides a secure operating system (OS) and apps for connected vehicles and smart devices, which enable carmakers and IoT device builders to develop and certify applications fast, get ahead of future regulatory requirements and reduce their lifecycle maintenance costs. The technology focuses on critical industries, with a particular emphasis on the aerospace and defence, automotive and semiconductor sectors. Their product, ProvenCore, attained the highest certification level (EAL7) on Common Criteria, the global standard in computer security.