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Acorus Networks' customizable solution protects enterprise and service providers from DDoS attacks
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Leveraging a team with a unique and world class skill set in the field, Acorus Networks raises $6 million from Elaia Partners, Partech and Kima Ventures
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Paris, France - October 9th, 2018 - Acorus Networks, specialized in protecting enterprise and service providers’ network and web platform infrastructure from distributed denial-of-service attacks (DDoS), is raising $6 millions euros from Elaia Partners, Partech and Kima Ventures. This funding round will contribute to Acorus Networks’ mission to protect customers whose business activity relies on the Internet, in fields such as banking, e-commerce, gambling, government and healthcare.


According to IDC Research's recent US DDoS Prevention Survey, 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. Of these attacks, more than 40% lasted longer than 10 hours. Now that DDoS-as-a-service (DaaS) is available at low prices, it is easier than ever for anyone malicious to launch a DDoS attack, multiplying the risk faced by companies.

 

In 2014, Benjamin Schilz and Raphael Maunier decided to launch Acorus Networks to address this growing phenomenon with a unique approach. Both co-founders have proven track records: Benjamin is a telecommunications engineer with a background in cloud security and web hosting and an entrepreneur at heart. Raphael is one of the co-founders of France-IX, the premier internet peering service provider in France, with 20 years of experience in the telecom and network industries. Their vision is to develop an innovative & customizable solution to address complex, sophisticated DDoS issues for enterprise and service provider companies alike. Acorus Networks has 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.


"As an online retailer, the availability of our website is critical. In the event of unavailability, every minute results in a loss of revenue and a deterioration of our brand image. Acorus Networks’ detection and filtering systems operate at the front end of our infrastructures in order to permanently protect us against denial of service," said Romain Broussard, IT Director at CDiscount.com.

 

"High-traffic websites, e-sport and live events are recurring targets for DDoS attacks. The flexibility of the Acorus Networks solution and its ability to adapt to our specific needs, as well as the recognized expertise of the team, are at the origin of our choice. "said David Bordas, Hosting and Network Infrastructure Manager at Webedia.

 

“The DDoS protection and mitigation market continues 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 or 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.” said Reza Malekzadeh, General Partner at Partech.

 

“As cyberattacks grow (4000 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”, said Marc Rougier, Partner at Elaia Partners.

 

To answer the fast growing market demand, Acorus Networks grows its engineering and programming teams and is now looking for a head of sales to structure sales organization. Please contact jobs@acorus.net if you want to join this exciting adventure!

 

About Acorus Networks

Acorus Networks specializes in protecting enterprises from distributed denial-of-service attacks (DDoS), a service especially important for companies whose business activity, data or image depends on the Internet.

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 visualize their legitimate traffic in real time and counter DDoS attacks manually or automatically.


About Elaia Partners

Elaia Partners was founded in 2002 as an independent venture capital fund specialising in the digital economy. Elaia Partners now manages over €300M, invests in high-growth startups offering groundbreaking technologies, products and services, from the initial financing rounds through to their emergence as global leaders, and supports its best performers to reach a massive scale. The fund aims to lead the initial financing round of startups and to play a hands-on role in supporting entrepreneurs, notably by joining the Board of Directors.


About Partech

Partech is a global investment firm with offices in San Francisco, Paris, Berlin and Dakar. Partech brings together capital, operational experience and strategic support for entrepreneurs at seed, venture and growth stages across multiple continents, with over $1.3B investment capacity. Investments range from $200K to $50M in a wide range of technologies and businesses for enterprises and consumers, from software, digital brands and services to hardware and deep tech across all major industries. Companies backed by Partech have completed more than 20 initial public offerings and more than 50 strategic exits above $100M.


About Kima Ventures

Kima Ventures is the startup investment arm of Xavier Niel. One of the most active early stage investors in the world, Kima invests in 100 startups per year from seed to Series A. Based in Paris at Station F, the world’s biggest startup campus, Kima has invested in more than 650 startups since 2010, including Transferwise, Trainline, Zenly, Payfit, Docker and Ledger, providing them with funding, a network and support to help them reach the next step of their journey.


Media Contacts


Martial Pluque                                                                             

AxiCom on behalf of Acorus Networks

martial.pluque@axicom.com                                         

+33 1 56 02 68 28                                                                      


Inès Marotte

AxiCom on behalf of Acorus Networks

ines.marotte@axicom.com

+33 1 56 02 68 26

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