MokN banked €12.9 million ($15 million) in Series A funding led by GV (Google Ventures). The round saw participation from DataDog, Moonfire, and OVNI Capital. Notably, the transaction marks the first time GV has invested in a French startup, signalling a significant milestone for the Paris-based cybersecurity ecosystem.
The company develops technology designed to combat credential theft and phishing, which remains a primary vector for corporate security breaches. Its flagship product, Baits, deploys realistic decoy access points—such as VPN or webmail portals—that mimic a company's actual environment. When attackers attempt to use stolen credentials on these decoys, the system captures the data, allowing security teams to neutralise the threat before any genuine infrastructure is compromised.
Founded in 2024, the startup intends to use the capital to fuel its expansion into the United States and the United Kingdom, while also doubling down on research and development. The team plans to launch new products focusing on the recovery of stolen cookies and sessions, moving toward a proactive model they term "active identity recovery" to replace traditional passive dark web monitoring.
MokN currently claims to protect over 1 million users, including several Fortune Global 500 companies. This raise highlights a growing trend of American venture capital firms seeking early-stage technical expertise within the European cybersecurity market to address global identity vulnerabilities.
Originally reported by EU-Startups Daily.