Venture Capital News: Sepio Extends Series B Funding Round
2024-08-13
ROCKVILLE, MD, Sepio today announced a new investment, extending its series B funding.
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 investment, extending its series B funding. The investment, led by Tau Capital, will support the growing company's customer facing 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 recently introduced Hardware Detection and Response (HWDR) managed service.
Supporters of Sepio's past significant investment rounds include U.S. Venture Partners (USVP), Hanaco Ventures, Munich RE Ventures, Merlin Ventures, Citi Ventures, Pico Partners, Standford University additional private investors. The current funding brings the current funds raised to $48 million.
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, streamline your operations and strengthen your cybersecurity posture.
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