Sepio, an innovator of a physical layer-based asset risk management solution that ensures customers can see, assess, and mitigate the risk of all known and shadow IT assets at any scale, announced a new investment, extending its series B funding. This funding was led by Tau Capital, and it will support the growing company’s customer-facing organizations needed to address an exceeding demand from tier-1 enterprises for Sepio’s solutions. Plus, it will also go toward allocating resources for Sepio’s recently introduced Hardware Detection and Response (HWDR) managed service.
Sepio’s past significant investment rounds were supported by U.S. Venture Partners (USVP), Hanaco Ventures, Munich RE Ventures, Merlin Ventures, Citi Ventures, Pico Partners, Standford University, and additional private investors. The current funding brings the total raised to $48 million.
KEY QUOTES:
“We are thrilled to have Tau Capital lead this extension round. Their expertise and strategic insights will be invaluable as we continue to innovate and scale our growing customer base operations and maintain our leadership in the asset risk management space.”
“This funding will allocate additional resources as we see the continued growing traction for global players across multiple verticals and territories. These organizations are instrumental in our recently formed Customer Advisory Board (CAB), providing invaluable insight and feedback, to influence and validate our exciting product roadmap.”
- Yossi Appleboum, CEO of Sepio
“Sepio’s unique approach to asset risk management is critical in today’s increasingly complex and interconnected digital world. We are excited to support Sepio’s vision and look forward to their continued success.”
“I strongly believe that Sepio will continue to experience growing traction from Tier-1 customers, as prioritizing and managing asset risks is crucial for every cybersecurity plan.”
- Andrea Mollica, Managing Director at Tau Capital
“Sepio stands out from competitors based on its commitment to innovation, creativity and ability to launch new solutions with far-reaching impact and application. Sepio’s solutions are vital for government agencies, financial institutions, critical infrastructure, managed security service providers, healthcare, manufacturing and retail. The company pairs its technology focus with customer-centric values, thus earning a solid reputation in the network access control market.”
- The industry analyst firm Frost & Sullivan
