French startup, EfficientIP, a community safety and automation specialist, has secured an $11 million Series B funding from Jolt Capital in Paris. The funding will drive worldwide enlargement.
EfficientIP’s software program discovers the DNS points that are the first explanation for DDoS assaults. These are usually the biggest varieties of assaults.
It’s platform is designed to make the IP infrastructure basis extra dependable, agile and safe.
David Williamson, CEO of EfficientIP commented, “Today’s investment will enable us to accelerate our expansion on a global scale. The market opportunity for DDI solutions is growing, and we look forward to capitalizing by increasing our sales force to meet current demand, and driving further innovation that really matters to continue satisfying tomorrow’s customer needs. Given Jolt Capital’s strong record in scaling tech companies globally, they are the ideal partner to support this growth phase.”
EfficientIP can even now improve its ecosystem partnerships with corporations like Cisco, VMware and ServiceNow.
It competes with US companies like Infoblox ($740m valuation and raised $120m) and BlueCat (additionally Series B) and new participant NS1 ($78m Series C).
Guillaume Girard, a Partner at Jolt Capital, commented: “We’ve been tracking EfficientIP for some time, and have been impressed with their continued ability to deliver on ambitious growth plans. EfficientIP fits perfectly in our target scope, combining deeptech assets enabling leading-edge solutions and a highly motivated top-tier team in a market which is expanding quickly. Given its increasing market footprint with Fortune 500 customers, EfficientIP is well poised for strong growth.”
