SenseOn expands cloud security services with $20m funding
Cyber security services firm SenseOn has sealed a $20m Series A funding round to scale its AI-driven platform globally.
The UK-headquartered firm said the funding follows a year in which it saw sales grow by more than 350%.
The round was led by Eight Roads Ventures, and supported by existing investors MMC Ventures, Crane Venture Partners and Winton Ventures.
Founded in 2017 by David Atkinson, said to be the first cyber specialist in the UK's specialist military units, SenseOn brings together cyber security experts, former government cyber operatives and applied machine learning specialists to offer its services to the public and private sectors via the cloud.
The company's AI Triangulation technology is designed to “emulate how a human security analyst thinks and acts” to automate the process of threat detection, investigation and response.
SenseOn claims it can reduce costs for its clients by consolidating point security solutions and deploying protection “15x faster”. Its unified platform proactively detects and shuts down threats including ransomware, hacking/data theft and malicious insiders.
To support the next phase of its growth, SenseOn has appointed software go-to-market veteran Jeremy Duggan to its board. Previously, he has taken three SaaS companies - AppDynamics, Bladelogic and Ascential - to unicorn status.
CEO Atkinson said: “The daily headlines show legacy approaches don’t work and if we don’t do something courageous now as a security community we aren’t going to stand a chance in the future.”
Duggan added: “SenseOn has the potential to become another outstanding UK tech unicorn and it's incredibly exciting to be a part of that.”