TRUSTINSOFT RAISES €5M TO PUSH INTO THE SELF-DRIVING CAR AND IOT MARKETS
TrustInSoft, a cybersecurity software publisher whose technology provides software code reliability and security, based on mathematical proof, announces a new round of €5M led by ACE Management, the European leader for private equity investment in cybersecurity. Building on its success in France and the United States, TrustInSoft’s next focus will be expanding its international presence.
Spun off from the French Atomic Energy Commission (CEA) under the leadership of Fabrice Derepas, Benjamin Monate and Pascal Cuoq, TrustInSoft is the first company to provide developers with guarantees of the quality of the code they produce, allowing “secure by design” developments to confirm critical code cybersecurity and secure operations without having to modify the development process.
TrustInSoft has been successful in rolling out its technology, and has built a solid base of reference customers in France and the United States, especially in the defence and nuclear industries. The company has also launched a freemium SaaS offer available to all GitHub developers in order to enable them to detect and remedy software development faults.
TrustInSoft is now expanding in two main areas: self-driving cars, and the internet of things (IoT). This €5M investment will allow the company to further penetrate these markets by rolling out a paying SaaS offer adapted to this environment, and structuring indirect sales channels through international partners. TrustInSoft is looking to capitalise on a scalable model by using dedicated open source platforms: Baidu’s Apollo for self-driving vehicles, and ARM Mbed for IoT projects. Combined with proven technological edge and a clear ability to apply its solution, this strategy should enable TrustInSoft to establish itself naturally as a key player.