Acorus Networks is a French cybersecurity company has raised 5 million euros in funding. The investors in this round include Elaia Partners, Partech and Kima Ventures. Acorus Networks specializes in protecting enterprise and service providers’ networks and web platform infrastructure from distributed denial-of-service attacks (DDoS).
With this round of funding, Acorus Networks plans to continue protecting customers whose business relies on the Internet whether it is in the field of banking, e-commerce, government, and healthcare.
Over 50% of IT security decision-makers have acknowledged that their organization has been the victim of DDoS attacks 10 times in the past year, according to IDC’s US DDoS Prevention Survey. And more than 40% of them lasted longer than 10 hours.
One of the biggest reasons why DDoS attacks are becoming a major problem is because there are now services that allow malicious actors to hire a team to perform DDoS attacks on a website at low prices. This substantially increases the risk that companies face.
“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,” said Partech General Partner Reza Malekzadeh. “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.”
Benjamin Schilz and Raphael Maunier launched Acorus Networks in 2014 to address this problem head-on. Schilz was previously a telecommunications engineer with cloud security and web hosting experience. And Maunier was previously a co-founder of France-IX.
“As cyberattacks grow (4,000 attacks per day), so do cybersecurity business opportunities. We’ve known Acorus for some time, since they protected Scoop.it, a portfolio company, from a massive attack. I am impressed by their vision, their technology and the reputation the team has built. We are very proud and excited to be on board and confident that Acorus Networks is heading toward international success,” added Marc Rougier, Partner at Elaia Partners.