Netsec
A French-Italian company unifying endpoints, identity, cloud, help desk, compliance and incident response.
Europe's most interesting startup stories. Every week.
No spam. Unsubscribe anytime.
Podcast Episode
🎙️ Deep Dive
Rivercell, Netsec, MintNeuro — $25M for virtual cells, over $10M for cybersecurity and $5M for neural chips — Daily News October 7, 2026
Listen to the episodeAbout Netsec
Founded in 2025 by Gianluca Varisco and Guglielmo Reina, Netsec operates as Barbican SAS across France and Italy. On October 6, 2026, it announced more than $10 million in equity funding led by Partech, with participation from Primo Capital and View Different.
The Story
Varisco and Reina worked together at Rocket Internet before combining operating cybersecurity and technology-investing experience.
How Netsec works
Business Model
A recurring B2B service combining software, automation and managed operations.
Revenue Model
Per-employee monthly pricing reportedly starts at €19; revenue and margins are undisclosed.
Products & Services
Key Products
- Netsec managed IT and cybersecurity platform
Core Use Cases
- Endpoint and identity management
- Security operations and incident response
- Cloud and network management
- Compliance support for NIS2, DORA, ISO 27001 and SOC 2
Market & Clients
Key Customers
European and US mid-market companies that do not want to build every IT and security capability in-house.
Geographic Presence
How Netsec competes
Competitive Advantages
- One operator for IT and security
- Integration with the existing stack
- Per-employee pricing rather than per ticket or hour
How Netsec grows
Growth Strategy
Build out the automation and integration layer and expand operations across Europe and the United States.
Distribution Model
Direct B2B sales with service delivery through operating channels such as Slack or Microsoft Teams.
Moat (Defensibility)
Operating integrations, workflow automation, incident data and end-to-end accountability for the service.
Regulatory Context
The service operates in a context shaped by NIS2, DORA, GDPR and contractual requirements covering access, security and data retention.
Key Risks
- Concentration of operational risk
- Missed or delayed incident response
- Dependence on third-party tool integrations
- Company-reported response metrics
Strategic Insights
- Automation can improve margins only if service quality and response times hold as the company scales.
- Unifying IT and security reduces hand-offs but also concentrates operational risk in the provider.
Funding & Investors
Total Funding
Funding Rounds
- 2026 - : >$10M
Lead: Partech
Key Investors
Founding Team
Founders
Key Metrics
Lessons from Netsec
- Selling an operating outcome requires accountability, not just another dashboard.
- Service metrics must be verified over comparable periods and customers.
Similar Startups
Devo
Cloud log analytics and security software born in Spain as Logtrust, now with a declared HQ in Boston. Valued at $2B in its 2022 Series F.
Read AnalysisDarktrace
Cambridge AI cyber security firm: Series E at $1.65bn in 2018, London listing in 2021, acquired by Thoma Bravo (about $5.3bn) in 2024.
Read AnalysisNeuralTrust
Barcelona startup building a platform to discover, monitor, control and protect enterprise AI agents; €17.2M seed led by Alstin Capital.
Read AnalysisSources
- Netsec raises $10M+ led by Partech for AI-native IT and security — Netsec
- Netsec raises more than $10M to grow its AI-native solution for cybersecurity and IT — Primo Capital
- France- and Italy-based Netsec raises over €8.93 million to scale its AI-native solution for cybersecurity and IT — EU-Startups