Sepio, the innovator of the physical layer-based asset risk management solution, ensuring customers can see, assess and mitigate the risk of all known and shadow IT assets at any scale, today announced a new series B round of funding. The round, led by U.S. Venture Partners (USVP), will support the growing company's sales organizations needed to address an exceeding demand from tier-1 enterprises for Sepio's solutions. It will also go toward allocating resources for Sepio's future product roadmap.

Sepio's Chairman Lane Bess, a renowned entrepreneur who made headlines for his trip to space aboard Jeff Bezos's Blue Origin's New Shepard, contributed to this round through his foundation Bess Ventures. Other investors included Citi Ventures, Stanford University, World Trade Ventures and market leaders including Slavik Markovich and Intercontinental Exchange's CIO Mark Wassersug.

Sepio provides the first hardware asset risk management platform based on device existence. The company's solution offers customers actionable visibility, policy enforcement and mitigation capabilities, allowing them to manage their assets' risk. The solution does not require any traffic or activity monitoring - and as such is use case and device agnostic, whether it is IT/OT/IoT or IoMT. If an asset connects to your infrastructure, Sepio will report it. At any scale, within less than 24 hours, you can see, assess and mitigate your assets' risks and strengthen your cybersecurity posture.