Tau Capital recently led a strategic investment in
Sepio
ROCKVILLE, Md., Aug. 13,
2024 /PRNewswire/ -- 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.
"We are thrilled to have Tau Capital lead this extension
round," said Yossi Appleboum, CEO of Sepio. "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."
Appleboum continued, "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."
Tau Capital, known for its focus on transformative technology
companies, sees Sepio as a key player in the cybersecurity
landscape. "Sepio's unique approach to asset risk management is
critical in today's increasingly complex and interconnected digital
world," said Andrea Mollica,
Managing Director at Tau Capital. "We are excited to support
Sepio's vision and look forward to their continued success."
Andrea continued, "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."
The industry analyst firm Frost & Sullivan stated,
"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."
Gartner also shared its praise of the company in its
annual Cool Vendor Awards, writing "By providing enterprises with
the ultimate visibility of what assets are on their network or are
connected to their endpoints, Sepio empowers organizations to
effectively secure networks and endpoints, significantly reducing
attacks using rogue hardware to launch supply chain attacks or
succumb to inside threats."
About Sepio
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.
About Tau Capital
Tau Capital, headquartered in Abu
Dhabi, UAE, is a premier investment firm dedicated to
fostering the growth of innovative technology companies. With a
keen focus on identifying and supporting high-potential ventures,
Tau Capital partners with visionary entrepreneurs to drive
transformative impact and create long-term value. Tau's strategic
investments span across various sectors, including cybersecurity,
spacetech, biotech, robotics, and more, reflecting a commitment to
advancing cutting-edge solutions that shape the future. Leveraging
deep industry expertise and a collaborative approach, Tau Capital
empowers portfolio companies to scale rapidly and achieve their
full potential.
Media Contact
Katie
Shugars
Sepio
katies@sepiocyber.com
+1 (240) 660 - 8690
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SOURCE Sepio