Canadian cybersecurity firm eSentire has bagged $325m in new financing to push its valuation past $1bn.
The round was led by Georgian and Caisse de depot et placement du Québec. eSentire is also backed by venture capital firm Warburg Pincus, who remains its majority shareholder. Following this round, eSentire has raised a total of $411m.
Founded in 2001, eSentire sells managed detection and response services globally. The company claims it is the authority in MDR and currently protects the critical data and applications of 1200 organisations in 70+ countries from known and unknown cyber threats.
eSentire claims its mission is to hunt, investigate and stop cyber threats before they disrupt a business. The firm combines machine learning XDR technology, 24/7 threat hunting, and proven security operations leadership, to mitigate your business risk, and enable security at scale.
The company claims it has recently surpassed $100m in annual recurring revenue.
According to eSentire, the new funding will be used to support geographical expansion and build out its newer eSentire’s Atlas XDR SaaS offering.
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