Acorus Networks, a French startup specialized in protecting enterprise and service providers’ network and web platform infrastructure from distributed denial-of-service attacks (DDoS), is raising €5 million 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. Their vision is to develop an innovative and 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.
Reza Malekzadeh, General Partner at Partech, commented: “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. 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.”
The amount of cyberattacks grow steadily. To answer the accelerating market demand, Acorus Networks grows its engineering and programming teams and is now looking for a head of sales to structure sales organization.