Cambridge-based eSentire, which provides mid-sized businesses with cybersecurity, has raised $27 million ($19.5 million USD).
The round was co-led by existing investor Edison Partners and Georgian Partners, with participation from Cisco Investments and additional participants including Northleaf Ventures Catalyst Fund. New investor Information Venture Partners II also joined the round. The equity investment will allow the company to scale and strengthen its presence in key markets, launch security operations in new areas and 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 of eSentire.
eSentire was announced as one of Deloitte’s Fast 50 in Canada, which were evaluated based on tech innovation, entrepreneurship, leadership, and rapid growth last year, and also made it to the Fast 500 list for all of North America. The same year, it opened its European headquarters and a second Security Operations Centre in Cork, Ireland.
Gartner Research, a leading IT research and advisory company with clients in 90 countries, named eSentire’s Continuous Advanced Threat Protection solution as a best practices framework for defense against cyberattacks.
“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.” said Hayes.
