Cybersecurity company SenseOn closes Series A on $20m

SenseOn, an AI-powered threat detection and cybersecurity platform, has raised $20m in its Series A funding round.

MMC, a London-based investor, reupped its position in SenseOn, following on from its commitment to the $6.4m seed round in 2019.

Other backers to the Series A round included Eight Roads Ventures, Crane Ventures and Winton Ventures.

Founded in 2017 by David Atkinson, SenseOn has a mission of delivering security architecture for the future and protect online players from cyber threats. It claims it technology helps boost cyber team productivity with quicker and more effective investigations.

The platform can proactively detect and shut down cyber threats, including ransomware, hacking, data theft, malicious insiders and more. It also claims to be capable of hybrid and remote working environments as it can be deployed through any endpoint or network, whether it is inside or outside the traditional perimeter.

This Series A funding round comes after SenseOn records more than 350% growth in the past year.

SenseOn founder and CEO David Atkinson said, “We are facing a new reality whereby attackers are advancing more quickly than legacy approaches can keep up with, but hybrid and multi-cloud environments are far more complex than we yet know how to defend.

“Added to this, the volume and speed of data is beyond what legacy architecture was ever designed to handle. The daily headlines show legacy approaches don’t work and if we don’t do something courageous now as a security community or we aren’t going to stand a chance in the future.”

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