I interviewed Philippe Humeau, CEO and co-founder at CrowdSec. He is creating the Waze for cybersecurity. If one firewall is having issues, the product can see the machines having the same issues and then block the IP.

The product is free, but CrowdSec will monetize the product by selling the signals to end users.

CrowdSec, a Paris, France-based Cyber Threat Intelligence (CTI) solution, announced raised €14 million in Series A funding round led by Supernova Invest, with participation from Breega.

CrowdSec intends to use this fresh capital to increase its staff from 20 to 45 individuals, strengthen its technical stack, ramp up revenues, extend its U.S. operations, and expand its global network of protected, collaborating devices from several hundred thousand to millions.

Founded December 2019
Virtual workforce but mostly in France
North star KPI is number of installs
Staff of 24 and growing
Targeting 1.5M Euros ARR
€14M Series A Seed round easy, Series A hard

Philippe Humeau’s LinkedIn: https://www.linkedin.com/in/philippehumeau/

SaaS Fundraising Story: https://www.thesaasnews.com/news/crowdsec-raises-14-million-in-series-a

Crowdsourcing Real-time Cyber Attacks to Protect Your Servers