French cybersecurity startup MokN raises €2.6 million to combat credential theft
French cybersecurity startup MokN has secured €2.6 million in seed funding to bolster its fight against credential theft, a growing threat for European businesses. The investment, led by Moonfire, underscores the increasing importance of proactive cybersecurity measures within the EU. MokN’s innovative approach aims to neutralize attackers before they can exploit stolen credentials. MokN's "phish-back" technology proactively deceives attackers, preventing the misuse of stolen credentials. The company currently protects over 500,000 users and reports over €1 million in annual recurring revenue. This approach contrasts with traditional solutions by targeting attackers early in the process. This funding will enable MokN to scale its operations across Europe and launch commercial efforts in the United States. The startup aims to fill a market gap as it expands its team, particularly in sales, marketing, and product development. This move signifies a strategic focus on global growth and highlights the rising demand for advanced cybersecurity solutions.
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