French cybersecurity startup MokN raises €2.6 million to combat credential theft

French cybersecurity startup MokN has secured €2.6 million in seed funding, led by Moonfire, to combat credential theft. This investment highlights a growing focus on proactive cybersecurity measures within the European tech sector, addressing the increasing threat of data breaches. The company's innovative "phish-back" technology aims to deceive attackers and reveal stolen credentials before exploitation. MokN's technology has already achieved significant traction, protecting over 500,000 users and generating more than €1 million in annual recurring revenue. The approach involves mimicking enterprise systems to lure attackers into revealing stolen credentials, enabling security teams to neutralize threats early. The company's focus on preemptive security addresses a key vulnerability, as credential theft is the leading entry point for cyberattacks. The funding will support MokN's expansion, including scaling European operations and launching in the United States. This move signifies the company's ambition to establish a global presence, capitalizing on the lack of direct competitors in the US market. As part of this expansion, MokN will relocate part of its leadership team to the US and further develop its product, sales and marketing teams.