Acorus Networks, a Paris, France-based cybersecurity company, is raising €5m from Elaia Partners, Partech and Kima Ventures.
The funding will fuel the company’s mission to protect customers whose business activity relies on the Internet, in fields such as banking, e-commerce, gambling, government and healthcare.
Acorus is specialised in protecting enterprise and service providers’ network and web platform infrastructure from distributed denial-of-service attacks (DDoS).
More than 50% of IT security decision makers admit that their organization had been the victim of DDoS attacks 10 times in the past year, according to IDC Research’s recent US DDoS Prevention Survey. Of these attacks, more than 40% lasted longer than 10 hours.
To address this problem Benjamin Schilz and Raphael Maunier launched Acorus Networks in 2014. Together they built a large-scale, agile and robust infrastructure enabling different and complementary methods of both web and network DDoS detection and mitigation that guarantees high availability and performance.
Reza Malekzadeh, General Partner at Partech, said: “The DDoS protection and mitigation market continue to grow by more than 20% each year, there is no slowing down of these malicious attacks that hurt customers in indirect or indirect cost. Since Acorus’ solution is designed to answer specific industry needs, it has already met with success among leading brands such as CDiscount, Mediapart and Webedia.
“The Acorus Networks team’s unparalleled experience in understanding system availability needs and their unique solution has helped them land some of the largest online brands, we are proud to be joining them on this journey.”
Schilz is a telecommunications engineer with a background in cloud security and web hosting, while Maunier is one of the co-founders of France-IX, an internet peering service provider in France.
Acorus benefits from its own protection centers worldwide and provides innovative, nonintrusive security solutions to its customers to ensure high upstream availability of their network and web infrastructures. Acorus’ clients include hosting services, e-commerce sites, media companies, carriers, banks, governments and healthcare companies, among others. A customized portal allows clients to visualise their legitimate traffic in real time and counter DDoS attacks manually or automatically.
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