A cybersecurity company听based in London has听谤补颈蝉别诲听拢46听million in Series C venture capital funding.听
Tessian听is focused on听quantifying and preventing human risk in global enterprises.听
The round is led by March Capital, a venture-growth firm which has previously invested in cybersecurity unicorns such as CrowdStrike and KnowBe4.听听
Existing听Tessian听investors Accel,听Balderton听Capital, Latitude and Sequoia Capital also participated in the Series C funding round, along with new investor Schroder听Adveq. The deal values听Tessian听at听拢350m.听
Today, 90% of today鈥檚 data breaches are caused by some form of human error because, for decades, cybersecurity software has focused on the machine layer of an organisation and not the most vulnerable asset: the people.听
While organisations have traditionally relied on training programs or restricting people鈥檚 access to data and systems to overcome the so-called听鈥�people problem鈥�听in security,听Tessian听uses machine learning to stop data breaches and security threats caused by human error – without disrupting employee workflow.听听
It builds听behavioural听intelligence听models, tailored to every employee, by analysing individuals鈥� communication patterns and behaviours online.听It听uses the models to automatically detect security threats and prevents them from turning into breaches by notifying the employee of the risk in-the-moment.听Over time, these alerts help employees improve their security behaviours.听
In the last year,听Tessian听tripled its Fortune 500-level customer base听and听now has approximately 350 global customers across the legal, financial services, healthcare and technology sectors including Affirm, Investec and RealPage.听听
One customer, Tim Fitzgerald, CISO at Arm,听said:听鈥淭he security of our operations and data is paramount to the success of Arm, and we鈥檙e committed to empowering our people to make sound security decisions while doing their jobs effectively.听听
鈥�The concept of human layer security is becoming a critical part of doing business today.听Tessian听enables us to reduce risk across the organisation by providing valuable tools and knowledge to not only stop threats like advanced phishing attacks and accidental data loss, but also continually improve the security听behaviours听of our teams as the threat landscape evolves.鈥�听
With the new funding,听Tessian听will expand its platform鈥檚 capabilities, helping companies replace their secure email gateways and legacy data loss prevention solutions, and will soon expand beyond email to secure other interfaces like messaging, web and collaboration platforms.听听
Tessian听will also use the funding to triple its rapidly growing employee base, with a particular focus on growing its sales team in North America.听
Jamie Montgomery,听co-founder and Managing Partner at March Capital,听said:听鈥淗uman activity 鈥� whether inadvertent or malicious 鈥� is the leading cause of data breaches. In听Tessian, we found a best-in-class solution that automatically stops threats in real-time, without disrupting the normal flow of business.听听
鈥�It is rare to hear such overwhelmingly positive feedback from CISOs and business users alike. We came to the same conclusion;听Tessian听is rapidly emerging as the leader in human layer security for the enterprise.鈥�听
Tim Sadler,听co-founder and CEO at听Tessian,听said:听鈥淚n the same way we have firewalls to secure networks, and endpoint detection and response platforms to secure devices, enterprises now need advanced security technology to secure their people.听听
鈥�People make 35,000 decisions every day; it just takes one wrong decision or one instance of human error for an employee to cause a catastrophic security breach.听听
鈥�We鈥檙e tackling the biggest threat to enterprise听security, and听are thrilled to partner with March Capital on our Series C and have them join our mission to secure the human layer.鈥�听
Tessian鈥檚听funding announcement closely follows the news that Ramin Sayer, CEO and president of Sumo Logic, has joined听Tessian鈥檚听Board of Directors.听