ProvenRun receives €15 million in Series A funding for IoT security

With a new round of funding, ProvenRun plans to expand its product line into North America to further improve the security of automotive and IoT systems.

Paris - ProvenRun, a cybersecurity software company, has successfully closed a €15 million funding round. This investment is led by Tikehau Capital, a global asset manager. Tikehau Capital is acting as part of its private equity cybersecurity strategy Brienne, together with the French Ministry of Defense Definvest fund, managed by Bpifrance.

Founded by Dominique Bolignano, ProvenRun offers the ProvenCore operating system (OS), which is designed for connected vehicles and smart devices. ProvenCore is the only OS with the highest certification level (EAL7) according to Common Criteria, a global security standard. The methodology behind it is rigorous and mathematically verified, guaranteeing almost error-free results, even in machine code.

Since we entered the cybersecurity sector as investors, Tikehau Capital has consistently supported the secure-by-design philosophy. The solutions developed by ProvenRun are an excellent example of strengthening the foundations of embedded software for critical architectures.

Gilles Daguet, Head of Cybersecurity Strategy at Tikehau Capital

The main product, ProvenCore, focuses on long-term security rather than reacting to threats. This enables automotive and IoT manufacturers to achieve world-class cybersecurity, accelerate application development and certification, and prepare for future regulatory requirements while dramatically reducing maintenance costs.

ProvenRun focuses on critical industries such as aerospace, automotive and semiconductor sectors. Their security solutions address the challenges of rapid IoT growth based on their Trusted Execution Environment, which provides the highest level of protection available against remote cyber threats.

ProvenRun's ambition is to raise the standards of cybersecurity and build trust in the Internet of Things. Remote cyber threats are on the rise and our formally proven operating system provides the best line of defense.

Dominique Bolignano, Founder and Chairman of ProvenRun

The Series A funding will advance ProvenRun's product roadmap for automotive security applications and Risc-V architectures and support its expansion into North America.

Tikehau Capital's investment is part of its private equity cybersecurity strategy. The fourth round of this strategy fund has recently reached a first close of €200 million. Tikehau Capital is committed to investing in new technologies to strengthen digital security and help companies deliver cutting-edge solutions in the cybersecurity industry.