Alsid, an Active Directory protection solution provider, achieved a Series A funding record of €13 million ($15 million) in investment led by Idinvest Partners, a European capital investment company, Alsid announced on April 18. This capital will be used to continue and accelerate the success they have already achieved in France and Hong Kong.
Alsid was founded in 2016 by Emmanuel Gras and Luc Delsalle, both experts at the ANSSI (NCSC -- France's National Cyber Security Center). The company rapidly developed its own approach to Active Directory security, a vital infrastructure for the security and business continuity of enterprises. Alsid achieved more than 500% growth in 2018, doubled its client portfolio, and has earned the trust and loyalty of a large number of key accounts such as Lagardère, Groupe Accor, Orange, Saint-Gobain, Sanofi, Sodexo Unibail-Roadmco, VINCI Energies, and HKBN in Hong Kong.
Active Directory is the cornerstone of major modern business IT infrastructures. This software is used by 95% of all businesses with more than 1000 employees, and is relied upon to organize user access rights to applications and network and data sharing activities. As a result, Active Directory has become a priority target for cybercriminals. Once they gain control of it, they can grant themselves access to all their victims' assets.
In light of this, securing Active Directory has become a universal requirement and now represents a global market worth tens of billions of euros. Alsid has become one of the major players in this market thanks to their technological advances and their proven large-scale solution deployment capabilities. This capital investment program is an integral part of the continuation of their ambitions and will ensure commercial coverage of leading global markets. Beginning in 2019, Alsid will be expanding its business to include the United Kingdom, Singapore, the whole of the Middle East, Germany, Northern Europe, and Benelux, and will be actively preparing its entry into the US and Japanese markets, planned for 2020.
"Alsid team successfully identified a data security flaw which is huge, critical, and unresolved. The quick adoption of their product by a blue-chip portfolio of clients is evidence of that. We are very excited to join this exceptional team in its new phase of international development," says Jonathan Userovici, investment manager for Idinvest Partners.