ProvenRun secures €15 million funding to accelerate IoT security-by-design – VanillaPlus

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Cybersecurity software company, ProvenRun, has completed a Series A funding round led by Tikehau Capital, through its dedicated private equity cybersecurity strategy with the French Ministry of Defence’s Definvest fund, managed by Bpifrance

ProvenRun offers a secure operating system (OS) and apps for connected vehicles and smart devices. The company’s ProvenCore product is claimed to be the only OS to attain the highest certification level (EAL7) on Common Criteria, the leading global standard in computer security.

ProvenCore provides security-by-design for the long term, rather than reacting to and firefighting threats. Carmakers and IoT device builders can attain best-in-class cybersecurity, develop and certify applications faster, get ahead of future regulatory requirements and dramatically reduce their lifecycle maintenance costs.

ProvenRun’s technology focuses on critical industries, with a particular emphasis on the aerospace and defence, automotive and semiconductor sectors. Its secure-by-design software solutions effectively tackle the challenges arising from the rapid growth of IoT, building on its Trusted Execution Environment and achieving the highest available protection against remote cyber threats. ProvenRun has emerged as a pivotal partner in embedding software security in software-defined vehicles for carmakers and tier 1 suppliers, and in microcontrollers for chipmakers such as STMicroelectronics.

The Series A funding will help ProvenRun accelerate the product roadmap (automotive security applications, Risc-V architectures) and the company’s geographic expansion to North America.

“ProvenRun’s ambition is to raise the standards of cybersecurity and build trust in the Internet of Things,” said Dominique Bolignano, the founder and chairman of ProvenRun. “Remote cyber threats are rising and our formally proven OS provides the best line of defence. Tikehau Capital’s investment will help us accelerate our development roadmap and international growth.”

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