Sepio extends Series B with $11 million investment led by Abu Dhabi’s Tau Capital
The Israeli cyber company has developed a hardware asset risk management platform based on device existence.
Sepio, which develops physical layer-based asset risk management solutions, has extended its series B funding round with an additional $11 million investment led by Tau Capital. Sepio announced it had raised $22 million in Series B funding back in October 2022. The current funding brings the total funds raised to $48 million.
Full list of Israeli high-tech funding rounds in 2024
Other investors in Sepio include U.S. Venture Partners (USVP), Hanaco Ventures, Munich RE Ventures, Merlin Ventures, Citi Ventures, Pico Partners, Standford University and additional private investors.
Sepio has developed a hardware asset risk management platform based on device existence. The company's solution offers customers actionable visibility, policy enforcement and mitigation capabilities and does not require any traffic or activity monitoring.
"This funding will allocate additional resources as we see the continued growing traction for global players across multiple verticals and territories," said Yossi Appleboum, CEO of Sepio. "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."
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"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. "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."
