Europe just wrote a Series A check for the thesis that cyber, information ops, and physical sabotage are one problem. On October 1, 2026, Luxembourg-based Osavul announced an €8.5 million Series A led by 33N Ventures, with participation from Balnord, G+D Ventures, and existing investor 42CAP. Company copy also styles the round as $10M (€8.5M) and says total funding is now approximately €12 million. Valuation: Undisclosed.
What the product claims to be. Osavul positions an AI platform that monitors open and privileged data to identify hostile intent and capability across the information, cyber, and physical domains before attacks materialize. Assessments are described as evidence-traced, analyst-reviewed, and deployable on-premise inside sovereign infrastructure. Founders Dmytro Plieshakov (CEO) and Dmytro Bilash (CBDO) are second-time founders who previously sold Captain Growth to Perion (company About). That is founder history as stated — not a CyberMerge diligence report on the exit.
Customer proof, as printed — not invented ARR. Osavul says it serves government, defence, and security institutions in more than 10 countries (UK, Germany, Poland, the Nordics, the US, and APAC named) and is one of three technology companies delivering NATO’s Information Environment Assessment Capability. It also claims total contract value grew fourfold in 2025, with enterprise traction language around defence industrials, energy, transport, and financial services. Exact contract values, logos, and current ARR: Undisclosed.
Why the investor mix is the tell. 33N is a Europe-based global cybersecurity fund leading a mid-single-digit-euro Series A into hybrid risk — not another endpoint seed. Balnord and G+D Ventures add defence-adjacent and industrial-trust capital; 42CAP’s return signals continuity from earlier rounds. Use of proceeds, per Osavul: deepen AI, build a commercial organization, expand markets and sectors. The explicit GTM move is government/defence → enterprises and critical infrastructure operators who face the same hybrid adversaries without the same intelligence stack.
What buyers should ask before the pitch deck lands. Can the vendor show evidence-traced attribution that maps to facilities and supply chains, or only cyber IOCs? Does the deployment stay inside sovereign infrastructure when ministries require it? How does the product connect information manipulation to cyber and physical staging — in a workflow a SOC and a corporate security team can both use? Those questions matter more than whether the slide says “AI.” Osavul’s PR answers them with company language; procurement still has to verify in a pilot.
POV — fused intent beats siloed TIPs for CI buyers. Most corporate security stacks still buy cyber threat intel, brand/protection monitoring, and physical security as three vendors and three dashboards. Adversaries do not. Boards underwriting energy, airports, ports, and finance risk should ask whether their current TIP answers “who is targeting us across domains next week,” or only “which CVE is trending.” Osavul’s raise does not invent a TAM. It does mark where European cyber capital wants density: sovereign, multi-language, multi-domain foresight forged next to defence customers, then sold to the operators states cannot protect alone. Pure-play cyber intel vendors that cannot map information and physical signals will get priced as features inside someone else’s hybrid layer.
Desk sheet — sourced only: Osavul Oct 1, 2026 — €8.5M ($10M) Series A; 33N lead; Balnord, G+D Ventures, 42CAP; total ~€12M; NATO IEAC claim; 10+ countries; 4× contract value growth in 2025 (company-stated); valuation Undisclosed. Balnord Oct 1, 2026 — same round figures and founder framing. Tech.eu Oct 1, 2026 — secondary confirmation of lead/investors and ~€12M total. ARR / dilution / board seats: Undisclosed.