Cyber defence platform raises £5m seed investment for overseas expansion
AI-led cyber defence platform Senseon has closed a seven-figure seed funding round.
The $6.4m (c.£5m) investment will enable the London-based company to continue its expansion in the UK and ramp up its presence in the EMEA and US markets.
Venture capital fund MMC Ventures led the round alongside Mark Weatherford, formerly Deputy Under Secretary for Cybersecurity at the US Department of Homeland Security.
Other participating investors included Amadeus Capital Partners, Crane Venture Partners and CyLon.
Senseon was established in 2017 by David Atkinson, the first ever cyber operative in the UK’s specialist military units, to help businesses protect themselves against the rising threat of cyber attacks.
At the centre of Senseon’s platform is its ‘AI Triangulation’ system, which automatically determines cyber threats across an organisation’s entire digital estate and adapts to its environments to improve threat detection.
Founder and CEO David said: “Cyber attacks are one of the greatest concerns for the modern business.
“The intelligence behind the Senseon product, and its ability to automatically detect and investigate threats across the entire organisation, is reducing the burden placed on already-stretched security teams and freeing up resources to focus on what matters: investigating actual threats.”
MMC Ventures’ Mina Samaan commented: “Organisations of all sizes need to get better at keeping pace with emerging threats, but more importantly, identifying the attacks that require intervention.
“Senseon’s technology directly addresses this challenge by using reinforcement learning AI techniques to help over-burdened security teams better understand anomalous behaviour through a single holistic platform.”
Grace Cassy, co-founder of CyLon, said: “Businesses see real value in the way Senseon’s product – through the use of AI Triangulation – can provide them with one cohesive platform that protects their organisation from emerging threats, replacing the need to purchase and maintain multiple single-point solutions.”
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