Genna Elvin, Chief Tada Officer and Co-Founder of Tadaweb;
Credit: Guy Wolff via Silicon Luxembourg
Luxembourg-based open-source intelligence company Tadaweb has raised $20 million in funding to support product development, expand its team and drive international growth.
According to Tadaweb, the investment round was led by Arsenal Growth and Forgepoint Capital International, with existing investor Wendel also participating. Jason Rottenberg (Arsenal Growth) and Damien Henault (Forgepoint Capital International) will join the company’s board of directors.
Founded in Luxembourg in 2011, the software-as-a-service provider uses publicly available information such as print media, online platforms, social media, public records, websites and videos. Its platform supports the analysis and sharing of open-source data, particularly in complex or unstable environments.
In its statement, Tadaweb highlighted a core feature of its solution: a “small data” approach. “While most solutions focus solely on automation and Big Data, Tadaweb flips the model, with a solution that reduces investigation time to insight from days to minutes,” the company noted, adding that the product “is trusted and adopted by analysts of varying levels of expertise.”
Tadaweb currently employs 150 people and operates offices in Europe and North America. Its clients include government agencies involved in defence, national security and public safety in Europe and the United States, as well as private-sector organisations focused on cyber threat intelligence and corporate security.
Francois Gaspard, Chief Executive Officer and co-founder of Tadaweb, said: “Almost everyone is looking to AI for a solution. Our focus is on transparency, not delivering another black box. We embrace AI, while ensuring our solution keeps the human in control.”
The company reported that the latest funding round brings total investment in Tadaweb to $40 million, following Wendel’s initial contribution of $18 million in 2023 and $2 million from angel investors in 2015.
