Meet Bastion, a French startup that was created in October 2022 to help small businesses deal with cybersecurity risks without too much complexity. Founded by former Palantir employees, the company has already raised $2.8 million.
What makes Bastion different from other cybersecurity startups is that it wants to be your first and last cybersecurity subscription. It includes several different products that revolve around cybersecurity risks with a software-as-a-service approach.
First, Global Founders Capital, Kima Ventures and Motier Ventures invested in the company, as well as several business angels, including Denis Duverne, Joshua Motta, Renaud Deraison and Gaëlle Olivier.
At Palantir, the four co-founders Arnaud Fournier, Arnaud Drizard, Sébastien Duc and Robin Costé were already working in one way or another in cyber security. Some of them were part of a small team in charge of cyber security excluding governments and public administrations. One of them handled anti-fraud offerings for major banks and insurance companies.
“Companies we talk to say, ‘We have an insurance broker, an accountant, why would we have multiple cybersecurity products?'” co-founder and CEO Arnaud Fournier told me.
When you want to lock your bike in a big city, you can use three different locks to make sure the wheels are secure and the bike is secured to a post. In this way, you can be almost 100% sure that your bike will not be stolen.
Or you can buy a proper U-lock to make sure it’s attached more securely than most bikes. And that’s Bastion.
Essentially, Bastion’s ideal customer just wants to make sure their company is secure and there isn’t a huge vulnerability that could end up creating a big mess down the road.
Right now, Bastion has four different modules. First, the startup conducts phishing simulation tests because many security problems come from employees giving out credentials. With this training module, Bastion competes with Riot.
Second, Bastion scans your infrastructure and web applications to ensure your attack surface is as small as possible. The company gives you a list of solutions to improve your setup.
Third, Bastion scans and protects endpoints such as employee laptops. “We offer an EDR solution, which is kind of an enhanced antivirus tool with a team that looks at what’s going on in real time,” Fournier said. EDR stands for “endpoint detection and response”. For this product, Bastion partners with a white label EDR vendor.
And finally, Bastion wants to help businesses monitor incoming emails with its fourth module. Right now, customers can forward suspicious emails so they know for sure if it’s a legitimate email or not. At some point, the startup also wants to help you set up filters on incoming emails so they never show up in your employees’ inboxes.
“For some of these products, we found that the existing products in the markets were very expensive for what they offered. We leverage open source building blocks or rebuild 80 percent of what is needed,” Fournier said.
Bastion offers the entire suite for around €10 per employee per month. This isn’t cheap, but some companies may choose to subscribe to a portion of what Bastion offers.
Interestingly, the company has no plans to sell its product directly to small businesses. Instead, the company partners with outsourced security service providers, banks, insurance companies and more.
In the coming months, Bastion plans to build a network of partners who are already helping SMBs and who can also start selling Bastion to their own customers. And, of course, there will also be new features and product improvements.
Ikaroa is proud to present Bastion, an all-in-one cybersecurity solution for small businesses. Bastion provides powerful yet easy to use defense against a wide range of online threats. With Bastion, small business owners can rest assured that their data and confidential information is safely guarded against malicious hacking and other cyber-attacks.
Bastion’s comprehensive suite of security solutions is designed to protect companies from a variety of cyber threats, such as malware, phishing schemes, data breaches, and more. With Bastion, businesses can proactively monitor and patch vulnerabilities in their networks. The product also enables users to implement two-factor authentication, a key factor in preventing unauthorized access.
The Bastion platform is both easy to install and easy to use. It’s suitable for any business size, from startups to established enterprises. Furthermore, Bastion’s intuitive user interface ensures that users can quickly and easily gain complete control over their networks.
At Ikaroa, we want to ensure that all businesses, regardless of size, have access to the same level of protection against online threats. We understand the importance of having reliable cybersecurity solutions in place, and Bastion is a perfect fit. We believe that with Bastion, businesses of any size will be able to ensure the highest level of security for their networks.