MokN raises €2.6M to outsmart credential theft — TFN

Within the battle towards cyberattacks, compromised credentials stay a serious vulnerability for organisations worldwide. MokN, a Paris-based startup, is popping the tide on identification theft with its progressive “phish-back” know-how. Its ultra-realistic honeypots trick hackers into exposing stolen login particulars earlier than any injury could be carried out.

Based simply final yr by Gautier Bugeon, Adrien Casteleiro, Alexis Georges, and Antoine Coudoux, the startup as we speak closed a €2.6 million seed spherical led by Moonfire, with participation from OVNI Capital, Kima Ventures, and enterprise angels. 

This recent capital injection comes as MokN beneficial properties momentum, now serving over 20 enterprise shoppers, together with a number of heavyweight corporations on France’s CAC 40 index, and defending greater than 500,000 customers. The corporate has additionally surpassed €1 million in annual recurring income. 

Co-founder and CEO Gautier Bugeon attracts on his private expertise navigating cyber crises. “The undertaking was born out of a cyber disaster I skilled in a earlier position, which highlighted {that a} seemingly apparent strategy was nonetheless lacking from the market. In lower than a yr, absolutely bootstrapped, we proved the worth of our resolution with main enterprises. 

Our technical DNA permits us to talk skilled to skilled, which has accelerated our progress. At present, with confirmed know-how, robust traction, and no direct competitors within the U.S., we see a singular alternative forward,” he mentioned.

MokN’s methodology sends decoys into attackers’ playground slightly than ready to reply after a breach. Not like conventional safety platforms, together with NortonLifeLock, Aura, and Id Guard, that try to dam or detect assaults post-breach, MokN’s decoy entry factors replicate actual company environments similar to VPN portals and webmail logins. 

When attackers have interaction with these decoys, they inadvertently reveal credentials used on precise methods, enabling safety groups to neutralise threats swiftly. 

“Id theft is among the fastest-growing and most damaging cyber threats, but it’s virtually not possible to get well stolen credentials earlier than they’re abused. MokN is tackling this head-on with ingenious deception know-how that turns attackers’ personal techniques towards them. Their fast progress highlights each the urgency of the issue and the energy of their product,” mentioned Akshat Goenka, Associate at Moonfire.

Wanting ahead, MokN is making ready for aggressive progress within the U.S., a market with huge potential and “just about no direct competitors” so far. To help this growth, key members of the management staff will relocate stateside, and the corporate plans to spice up its workforce with hires specializing in product improvement, gross sales, and advertising and marketing to adapt to the distinctive calls for of the American market.

MokN stays dedicated to advancing its detection capabilities, aiming to redefine proactive identification safety worldwide.