Sepio, a Rockville, MD-based provider of a physical layer-based asset risk management solution, received an undisclosed amount in investment extending its Series B funding.
Tau Capital made the investment. Supporters of Sepio’s past significant investment rounds included U.S. Venture Partners (USVP), Hanaco Ventures, Munich RE Ventures, Merlin Ventures, Citi Ventures, Pico Partners, Standford University additional private investors. The investment brought the current funds raised to $48M.
The company intends to use the capital to expand operations and its development efforts.
Led by CEO Yossi Appleboum, Sepio provides a hardware asset risk management platform based on device existence. Its solution offers customers actionable visibility, policy enforcement and mitigation capabilities, allowing them to manage their assets’ risk. It does not require any traffic or activity monitoring – and as such is use case and device agnostic, whether it is IT/OT/IoT or IoMT. If an asset connects to a given infrastructure, Sepio will report it.
Commenting on the news, Yossi Appleboum said: “This funding will allocate additional resources as we see the continued growing traction for global players across multiple verticals and territories. 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.”
FinSMEs
13/08/2024