The capital will be used to help Egerie further develop its automated data recovery technology while at the same time opening the doors to an insurer-specific reporting functionality as the company ramps up pan-European expansion plans.

The round is led by Tikehau Capital, an alternative asset management firm, participating through its subsidiary unit Tikehau Ace Capital as well as its European cybersecurity growth fund.

As concerns over cyber-espionage mount, Texas has become the latest state to ban agencies from using TikTok on government-issued devices, making it the fifth state to impose legislation of this kind.

Of those reported, software vulnerabilities accounted for nearly half of every breach, highlighting a need for better patch management strategies, password managers, and cybersecurity training, according to a new report.

In less than six months since raising €3.8 million (~$4 million) in a seed funding round, Paris-based Stoïk has now pocketed €11 million (~$11.5 million) in a Series A round led by industry legends Andreessen Horowitz.

The arrests are the latest police action against groups committing cybercrime in the country, with hacking groups and forums being shut down and cybercriminals’ databases seized.

The Series B financing round was led by Germany-based growth equity investor Digital+ Partners with participation from existing investors, including Evolution Equity Partners.

Cybellum, an Israeli cybersecurity startup focussing on risk in the automotive industry, has raised a $12 million Series A round led by RSBG Ventures.

SoSafe, a Cologne-based startup that provides a cybersecurity training platform to corporate clients, has raised a seven-digit funding round led by Acton Capital.