# Citalid

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/citalid

- Industry: IT Security/Cybersecurity
- Headquarters: Levallois-Perret, France
- Website: www.citalid.com
- Total disclosed funding: $7.1M
- Latest round: Series A (Aug 23, 2022)
- Investors on record: 5

## About

Citalid is a cybersecurity company offering a sophisticated SaaS platform for cyber risk quantification, enabling enterprises and insurers to effectively assess and manage their unique cyber risk exposures through actionable insights and tailored recommendations.Founded in 2017 in Levallois-Perret, France, Citalid specializes in cyber risk quantification for enterprises and insurance providers. The company has completed a total of 3 deals, with the latest funding round being a Series A in August 2022, which raised EUR 6.000 mn led by Seventure Partners. Maxime Cartan serves as both the founder and CEO, driving the company’s vision and operations. Citalid's business model has focused on leveraging advanced financial modeling and real-time threat intelligence to enhance strategic decision-making for its clients.Citalid offers a sophisticated SaaS platform that specializes in cyber risk quantification, providing enterprises and insurers with actionable insights into their unique cyber risk exposure. The platform leverages real-time threat intelligence and advanced financial modeling to assess both the likelihood and financial impact of various cyber threats, enabling organizations to make data-driven strategic decisions. Citalid's technology automatically generates tailored security and insurance recommendations based on these assessments, further simulating potential return on investment for each recommendation. The primary user base includes Chief Information Security Officers (CISOs), risk managers, insurance managers, and portfolio managers across various industries, helping them prioritize investments and predict impacts effectively. Citalid's offerings are marketed to clients across North America, Europe, and Asia, focusing on enterprises and insurance providers who seek a comprehensive understanding of cyber risks.Citalid generates revenue primarily through subscription-based models for its SaaS platform, allowing enterprises and insurers to access a range of services designed to quantify and mitigate cyber risks. Clients typically engage with Citalid through direct business-to-business transactions, subscribing to the platform for ongoing risk assessments, real-time threat monitoring, and customized recommendations. The pricing structure is based on tiered subscription plans, which scale according to the size of the organization and the breadth of services utilized, including access to real-time threat intelligence and tailored investment roadmaps. As a result, organizations are equipped to manage cyber risks effectively while optimizing their insurance portfolios. The company's flagship offerings ensure that clients receive a comprehensive suite of tools aimed at enhancing their defensive maturity and financial clarity regarding cyber threats.In August 2022, Citalid raised EUR 6.000 mn in a Series A funding round to unify cyber and insurance. The company aims to enhance its platform by developing upcoming products that will further integrate these domains. Citalid plans to expand its market reach into additional regions in Europe and Asia by the end of 2023, leveraging the recent funding to support these initiatives and facilitate growth.

## Funding rounds

- Series A, Aug 23, 2022, $6M — Seventure Partners, Albingia SA, Axeleo, Financière de Blacailloux, BNP Paribas Developpement
- Seed, Jun 3, 2019, $1.1M — Axeleo, BNP Paribas Developpement

## Investors

- Axeleo (https://capitalatlas.ai/funds/axeleo) — Seed, Series A
- BNP Paribas Developpement (https://capitalatlas.ai/funds/bnp-paribas-developpement) — Seed, Series A
- Seventure Partners (https://capitalatlas.ai/funds/seventure-partners) — Series A
- Albingia SA — Series A
- Financière de Blacailloux — Series A