$10m+ · Other round · Cybersecurity · France and Italy
Netsec has raised more than $10m in equity funding to expand its integrated cybersecurity and managed IT service. Partech led the round, with Primo Capital and View Different, Diego Piacentini's investment vehicle, participating. The company says the capital will build out its automation and integration layer, expand operations and support growth in Europe and the United States.
Headquartered in France and Italy, Netsec operates device management, identity, networking, cloud, help desk and security operations for mid-market companies through one service. Requests arrive through Slack or Microsoft Teams, while pricing is per employee rather than per ticket or hour. The pitch is operational accountability: one team owns the stack instead of handing incidents and routine work between multiple vendors.
Automation has to change the service economics
Managed services usually grow by adding people as ticket volume rises. Netsec is trying to separate those curves. Its platform automates repetitive work such as onboarding, patching, access administration and evidence collection, leaving human operators to handle judgement-heavy security and response tasks. Partech's rationale is that this combination can absorb more volume without scaling headcount at the same rate.
The company says it already manages thousands of endpoints for clients in Europe and the US after a year of activity, and reports a median response time below 14 minutes across thousands of incident-response tickets. Those are Netsec's own operating claims, not independently audited performance figures. They nevertheless identify the central test for the funding: whether the company can standardise enough work to improve service capacity while keeping response quality and a named operator as customer volume grows.
Owning the full stack increases the trust burden
A combined IT and security operator can see patterns that individual tools or contractors miss. The same reach also concentrates responsibility. Netsec may manage devices, identities, networks, cloud workloads and incident response, so customers need evidence that privileged access, change control and recovery processes are disciplined. The company's trust centre lists active ISO 27001 and ISO 9001 certifications, EU primary data residency, just-in-time production access and recorded privileged workflows; SOC 2 Type II remains planned rather than completed.
The commercial opportunity is strongest where a mid-market company has outgrown ad hoc support but cannot justify building a full internal IT and security organisation. A per-employee subscription can make costs more predictable and give one provider an incentive to prevent recurring work. The execution risk is breadth: every additional tool, environment and regulatory regime adds integration and service complexity. The round will test whether Netsec's automation layer can absorb that variation without turning the integrated offer back into bespoke consulting.
Sources checked:
Netsec announcement · EU-Startups · Netsec services · Netsec trust centre · Tech.eu Funding Explorer
