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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.
TrustInSoft’s technology platform has game-changing potential for new markets such cyber insurance and or technology certification, whether by national regulators or private industry.
Julien Mialaret, Operating Partner at Idinvest Partners – the French venture capital firm which has supported technology companies such as Criteo and Talend in the U.S. until their IPOs on Nasdaq – comments on the firm’s first investment in cybersecurity: “we were really impressed by the disruptive potential of the technology, as were our industrial sponsors. The founders of TrustinSoft have tremendous scientific backgrounds and the company solves a crucial problem for the software industry: developers willingly or not, often overlook code vulnerabilities or sacrifice the quality and security of their code to accelerate the time to market of products and applications. Their clients often get caught up later by attacks that cause irreversible damages to their reputation”.
TrustInSoft, a software company based in Paris, France provides source code analysis which mathematically guarantees that source code is immune to all known family of vulnerabilities and attacks. With clients distributed in the United States and Europe, TrustInSoft is transforming the software market by providing insurance on the reliability and security of software products. TrustInSoft clients have successfully used the software for critical applications (defense, aviation, nuclear power) and the software’s is gaining commercial traction is wider range of sectors where rapid digitalization is a key factor for success.
Media contact TrustInSoft :
222 Cour avenue du Maine
75014 Paris, France
06 51 70 36 77
About IdInvest Partners
Idinvest Partners, with assets under management of over €7 billion, is the largest venture capital investor in continental Europe and one of the most active investors in the European mid-market segment. Idinvest has supported over 160 high-tech companies to date and has specific expertise in information technologies (internet/media, software and telecommunications), new energy and environmental technologies, mobility and healthcare (biopharmaceuticals, diagnostics and medical instruments). Idinvest Partners benefits from the support of blue chip corporates such as EDF, PSA and Allianz who are investors in several funds managed independently by Idinvest (Electranova Capital II, Digital Fund II). These funds leverage the business partnerships, technical collaboration and sales references provided by corporate sponsors.
Media Contact Idinvest:
|Idinvest Partners||Steele & Holt|
|Marie-Claire Martin||Claire Guermond|
|Directrice de communication||Consultante|
|06 85 52 52 49||06 31 92 22 82|
Paris, France – March 6th, 2017 – With the advent of the IoT and the growing number of sophisticated cyber-attacks on connected systems, customers need to raise the quality and robustness of their software projects so as to get as close to possible to zero-defects.
To further their existing partnership on tools and services, Prove & Run and TrustInSoft have decided to extend their partnership: TrustInSoft will promote ProvenCore, Prove & Run’s ultra-secure OS, to their customers looking for a platform to run security-critical applications while Prove & Run will promote using TrustInSoft Analyzer for verifying security applications running on top of ProvenCore.
“The security properties of ProvenCore have been formally proven, down to generated code,” explains Fabrice Derepas, TrustInSoft’s CEO. “This creates the best security foundation for highly secure applications.”
“With TrustInSoft Analyzer, the security applications running on top of ProvenCore can be brought to the highest level of confidence in the most cost-effective manner“ concludes Dominique Bolignano, President and Founder of Prove & Run.
Prove & Run’s mission is to help its customers resolve the security challenges linked to the large-scale deployment of connected devices and of the Internet of Things by providing cost effective off-the-shelf software solutions that dramatically improve the level of security of connected systems so as to protect them against remote cyber-attacks. Further information can be found at www.provenrun.com.
TrustInSoft’s mission is to empower its customers to guarantee the quality of critical software assets. Its advanced source code analyzer provides mathematical guarantees and can be used efficiently on existing legacy, proprietary or open source software applications. Further information can be found at trust-in-soft.com.
Cybersecurity is a quickly developing industry. NATO’s objective is to detect emerging cybersecurity challenges. Jamie Shea, Deputy Assistant Secretary General for Emerging Security Challenges at NATO is tasked with this monumental undertaking.
Jamie Shea talks with Fabrice Derepas and Najoua Kaabi (located on the right of the photo) of TrustInSoft. TrustInSoft is a start-up based in both the United States and France. TrustInSoft provides mathematical solutions that guarantee software quality. Jean-Noël de Galzain (located on the left side of the photo) also participated in the discussion. Jean-Noël de Galzain is the president of Hexatrust, a club founded by a group of French SMEs that are complementary players with expertise in information security systems, cybersecurity, and digital trust.
A few weeks ago we attended a conference in London that was focused on protecting critical assets. One thing in particular that the conference highlighted was the need for robust cyber security. Without it, your data is at risk. Check out the handout below to learn more about how TrustInSoft can help you protect your critical data.
You’ll get an insight on how it’s now possible to make a piece of software immune to most common cyber treats.
If you are in need of technical info do note hesistate have a look at the free version of the PolarSSL Verification Kit
You can register here.
Event starts at 5:30 PM on 2325 Third street, suite 231 in San Francisco.
|False Positive Free Testing: Pascal Cuoq, chief scientist and co-founder of TrustInSoft, has received a grant to build an open source TIS Interpreter. This program will be built from TIS Analyzer, a commercial software analysis tool based on Frama-C. Frama-C is a debugger that works by interpreting C programs statement by statement from beginning to end. It verifies with each statement whether the tested program can invoke undefined behavior.
Historically, TIS Analyzer and other programs that use Frama-C can produce false positives. With this new program, the goal is to develop a methodology that detects bugs without false positives. Thus, any bug that is reported will be a real bug.