Key Takeaways
- • Morgan Lewis advised Forgepoint Capital International, the European arm of U.S. venture firm Forgepoint Capital, on its investment in Hackuity, a Lyon-based French cybersecurity startup.
- • The round totaled $19 million, with existing Hackuity investors Bright Pixel Capital, Bpifrance, and Seventure Partners also participating.
- • Hackuity develops a vulnerability operations center (VOC) platform that helps companies prioritize which IT vulnerabilities to fix first.
- • Proceeds will fund Hackuity's R&D, particularly in AI, and support its international expansion.
- • Per the publisher's context, the round lifts Hackuity's total funding to $38 million.
Summary
The transaction totaled $19 million. Hackuity's existing investors, Bright Pixel Capital, Bpifrance, and Seventure Partners, also participated in the round. Per the publisher's context, the raise brings Hackuity's total funding to $38 million, as AI-discovered vulnerabilities increasingly strain security teams.
Hackuity has built a vulnerability operations center (VOC) platform designed to help companies determine which vulnerabilities to address first. The company plans to use the new capital to strengthen its research and development, particularly in artificial intelligence, and to continue its international expansion.
The Morgan Lewis team advising Forgepoint comprised partner Sébastien Pontillo, with associates Thomas Maincent and Taqwa Lidghi, on corporate matters; partner Mathilde Carle, with associate Laëtitia Rebouh, on intellectual property; and of counsel Pauline Plancke, with associate Alexandre Dalel, on employment matters.
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