eSentire, Inc., a proven industry leader in managed cybersecurity services, today announced that it had secured a total investment of $19.5 M (USD) co-led by existing investor Edison Partners and Georgian Partners with participation from Cisco Investments, with additional participants including Northleaf Ventures Catalyst Fund, and new investor, Information Venture Partners II, LP.
eSentire’s expertise in cybersecurity has contributed to its explosive success as an industry leader recognized as one of Deloitte’s Fast 50 in Canada and Fast 500 in North America. The equity investment will enable the company to scale and strengthen its presence in key market, launch security operations in new geographies as well as verticals, and expand its early success in cloud-based threat intelligence harvesting, sharing and automated protection.
“eSentire’s elite team of security experts keep up with emerging cyber threats and evolving regulatory measures to simplify cybersecurity and protect high-risk assets from complex threats that technology alone can miss. We offer clients real eyes on glass monitoring 24×7 and it works. This investment recognizes our success and will help us to continue to expand our reach to protect even more clients,” said J.Paul Haynes, CEO eSentire. “The business community is coming to terms with the new requirement for cybersecurity and the level of protection needed to defend themselves, and eSentire is ready to deliver in this environment where hyper-vigilance married to advanced technology makes the difference.”
In 2015, eSentire opened its European headquarters and a second Security Operations Center in Cork Ireland and committed to hiring 100 new employees in Europe over the next five years. The company also introduced one of the most advanced forensic capabilities in cybersecurity with its product TRAP Targeted Retrospection Analysis Platform™. For the past three years the company has achieved explosive revenue growth and has been the recipient of a litany of industry awards.
“Edison Partners has made previous investments in eSentire. Its impressive year over year growth outshines the vast majority of investment opportunities. eSentire and its leadership team continue to prove their ability to innovate and effectively mitigate threats for its clients and its apparent their success isn’t slowing down,” said Lenard Marcus, Edison Partners.
eSentire pioneered Continuous Advanced Threat Protection, which leading analyst firm Gartner Research began covering in June of this year as a best practices framework for defending against the most egregious cyber security attacks. eSentire’s solution delivers continuous monitoring, real-time threat detection and containment technology as a service with human threat analysts on a 24x7x365 basis. eSentire challenges legacy security approaches, combining behavior-based analytics, immediate mitigation and advanced threat intelligence.
“Thwarting cyber attacks and data breaches has become a strategic priority for every business, especially in financial services, and eSentire is a recognised industry leader in protecting organisations from cyber threats.” says Simon Chong, Managing Partner at Georgian Partners “The team is delivering outstanding growth already and so we’re excited to be supporting acceleration of their product plans and market presence with this funding.”