SenseOn secures $20m in Series A funding from Eight Roads Ventures to scale its AI cybersecurity platform.
The Series A round was led by Eight Roads Ventures with backing from MMC Ventures, Crane Venture Partners and Winton Ventures.
SenseOn provides a cloud native AI cybersecurity platform designed to automate threat detection and response. The firm combines broad detection capabilities across siloed domains to protect hybrid and remote work environments.
SenseOn has raised $20m in a Series A funding round to scale its cloud native AI cybersecurity platform and expand its operations. The financing was led by Eight Roads Ventures, with participation from existing backers MMC Ventures, Crane Venture Partners and Winton Ventures. The capital injection follows a period of rapid growth for the firm, during which annual revenues increased by more than 350 percent.
Alongside the funding, the company announced the appointment of veteran software executive Jeremy Duggan to its board. The fresh resources will be directed toward further research and development initiatives as well as expanding the go to market team to meet rising demand for automated security solutions.
From the founder
"After meeting Dave and learning about his personal story and the incredible business he is building I was thrilled to become a board member and play a part in this special company. The product is genuinely market leading, the market is huge, and the people in the team are hugely passionate and intelligent. SenseOn has the potential to become another outstanding UK tech unicorn and it’s incredibly exciting to be a part of that."
Jeremy Duggan
Board Member at SenseOn
Investor perspective
"SenseOn is poised to become a global cybersecurity leader. We have long looked for a company which coordinates detection intelligently across domains and can consolidate multiple tools into one solution. SenseOn does this and more. We are privileged to partner with such a thoughtful and high-integrity group as Dave and team."
Alston Zecha
Eight Roads Ventures
Use of funds
- 01Fund research and development
- 02Accelerate go-to-market
