DEAL: TrustInSoft raises €1,2 million

TrustInSoft raises €1.2M from Idinvest Partners to change the rules in software development and automate code vulnerability detection at a wide scale.
TrustInSoft is the first company to offer developers a guarantee on the quality of their code, a significant breakthrough for the software industry. After 10 years of R&D at CEA, the National Research Center in France, TrustInSoft has successfully applied its technology in critical applications for industry and detected crucial source code vulnerabilities. The company is now preparing the release of a SaaS version of its TrustInSoft Analyzer for commercial applications, making this powerful tool available to any software developer and enabling code vulnerability detection and remediation at a very large scale.

San Francisco, March 09th 2017 – A spin-off from the CEA (French Atomic Energy Commission), a widely acknowledged French research lab for industrial applications, nuclear energy and security, TrustInSoft has developed a novel technology capable of mathematically demonstrating the safety and security a software code.
The company, which was ranked among the top 10 most innovative companies at the RSA Conference in 2015, has been widely recognized in the United States and in Europe for its unique technology. TrustInSoft is one of few companies selected by the Linux Foundation for the protection of its open source software stack, and the only company recognized by NIST (The US National Institute of Standards and Technology) as capable of truly guaranteeing the quality of a software. TrustInSoft has already achieved strong commercial traction in the US, where it captures over 50% of its revenues.
“Our objective is to provide software developers the tools that guarantee the quality of the software they have developed” says Fabrice Derepas, the CEO of TrustInSoft. “With this capital raise, we are going empower software developers with a game-changing technology that will enable them to guarantee the safety and security of their software from inception.”
TrustInSoft’s team is composed of distinguished mathematicians who started working together in 2006 at CEA to lower the cost of software certification. Their technology proved its efficiency in critical applications for key industries such as defense, aerospace and nuclear power. In 2013, the team set up a company to expand into new commercial markets such as mobile, telco infrastructure, automotive.

With this fundraising, TrustInSoft aims to make its technology available to wider audience of code developers around the world. The company will benefit from the support of Idinvest’s industrial sponsor, EDF in particular. The technology will soon available online in SaaS: it will allow developers to detect vulnerabilities in code they have already written, or check real-time that software under development is immune to attacks, a particularly valuable asset for the Internet of Things and in mobile.

EXPEN is advisor to the transaction.