Acorus Networks is raising $6 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. Both co-founders have proven track records: Benjamin is a telecommunications engineer with a background in cloud security and web hosting and an entrepreneur at heart. Raphael is one of the co-founders of France-IX, the premier internet peering service provider in France, with 20 years of experience in the telecom and network industries.
Their vision is to develop a solution to address DDoS issues for enterprise and service provider companies alike. Acorus Networks has built an infrastructure enabling different and complementary methods of both web and network DDoS detection and mitigation that guarantees 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.
“High-traffic websites, e-sport and live events are recurring targets for DDoS attacks. The flexibility of the Acorus Networks solution and its ability to adapt to our specific needs, as well as the recognized expertise of the team, are at the origin of our choice.”, said David Bordas, Hosting and Network Infrastructure Manager at Webedia.
“The DDoS protection and mitigation market continues 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. 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.”, said Reza Malekzadeh, General Partner at Partech.
“As cyberattacks grow (4000 attacks per day), so do cybersecurity business opportunities. We’ve known Acorus for some time, since they protected Scoop.it, a portfolio company, from a massive attack. I am impressed by their vision, their technology and the reputation the team has built. We are very proud and excited to be on board and confident that Acorus Networks is heading toward international success”, said Marc Rougier, Partner at Elaia Partners.