Sepio, a Rockville, MD-based developer of physical layer-based asset risk management solutions, has raised $11 million in Series B extension, bringing its total Series B funding to $33 million.
Investors
The round was led by Tau Capital, with participation from U.S. Venture Partners (USVP), Hanaco Ventures, Munich RE Ventures, Merlin Ventures, Citi Ventures, Pico Partners, Stanford University, and additional private investors. This increased Sepio's total funds raised to $48 million.
Founded in 2023, Tau Capital is a venture capital investment firm based in Abu Dhabi, United Arab Emirates. The firm focuses on early-stage investments, including Seed, Series A, and Series B rounds, across high-impact sectors such as Artificial Intelligence, Biotech, Cybersecurity, and Sustainable Technologies. Tau Capital also explores emerging fields like Quantum Computing and Space.
Sepio Use of Funds
The company will use the funding to fuel its global expansion and product development efforts.
About Sepio
Sepio is a cybersecurity company that provides an asset risk management platform designed to protect organizations from hardware-based attacks and threats. Its platform helps detect and manage all hardware assets connected to their networks, ensuring that potential risks from rogue or unauthorized devices can be mitigated. The company's solution offers customers actionable visibility, policy enforcement, and mitigation capabilities.
Funding Details
Company: Cyber Sepio Systems, LTD.
Raised: $11.0M
Round: Series B Extension
Funding Date: August 2024
Lead Investor: Tau Capital
Additional Investors: U.S. Venture Partners, Hanaco Ventures, Munich RE Ventures, Merlin Ventures, Citi Ventures, Pico Partners, Stanford University
Company Website: https://sepiocyber.com/
Software Category: Asset Risk Management
Source: https://www.calcalistech.com/ctechnews/article/hj51evsqa