# SAS Seclab FR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sas-seclab-fr

- Industry: IT Security/Cybersecurity
- Headquarters: Montpellier, France
- Website: www.seclab-security.com/
- Total disclosed funding: $1.9M
- Latest round: Series A (Jun 29, 2016)
- Investors on record: 2

## About

Based in France, SAS Seclab FR specializes in advanced cybersecurity solutions for critical sectors, including military and aerospace, focusing on secure data exchange and protection against unauthorized access.Founded in 2011 and headquartered in Montpellier, France, SAS Seclab FR provides tailored cybersecurity solutions. Recently, in January 2024, the company was fully acquired from EDF Group and StarQuest by a consortium, including Bpifrance Investissement and Thales, for EUR 6 million. The founder's previous entrepreneurial history is not publicly available.Seclab specializes in providing advanced cybersecurity solutions tailored for critical sectors, including nuclear, military, railway, and aerospace industries. The company's core offerings feature two main products: Secure Xchange Network (SX Network) and Secure Xchange USB (SX USB). SX Network acts as an isolating barrier between two networks or critical systems, facilitating secure, bidirectional data exchanges while employing patented electronic protocol disruption technology to safeguard sensitive assets from unauthorized access. SX USB is designed to sit between USB ports of sensitive systems and external storage devices, allowing controlled data transfer through a physical relay while isolating the USB port to mitigate risks associated with data breaches. These products serve various clients, including governmental organizations and private enterprises in Europe, particularly those needing stringent security measures against cyber threats.In the most recent financial year 2022, Seclab reported a revenue of EUR 1,700,447 with an EBITDA of EUR -461,086. The company generates revenue through direct sales and partnerships with major cybersecurity firms, such as Thales and Orange Cyberdefense. Revenue streams are derived from the sale of individual products like SX Network and SX USB, along with ongoing service agreements for support and maintenance of these systems. The structured pricing model includes one-time fees for product installations and potential annual subscriptions for updates and support services, enhancing its market reach especially in the defense and critical infrastructure sectors across Europe.Following the recent acquisition in January 2024, SAS Seclab FR aims to enhance its research and development in cybersecurity solutions. The acquisition will facilitate the launch of upcoming products designed to address evolving security challenges. The company plans to expand into new geographic regions, focusing on enhancing its presence in Europe. The recent funding of EUR 6 million will be utilized to support these initiatives, allowing for increased innovation and market penetration.

## Funding rounds

- Series A, Jun 29, 2016, $1.9M — EDF Group, StarQuest

## Investors

- EDF Group — Series A
- StarQuest (https://capitalatlas.ai/funds/starquest) — Series A