Venari Security, a London, UK –based defender of encrypted networks, raised £4.2 million in Series A funding at a post-money valuation of £14.2m.
Backers included Paddy McGuinness, the UK’s former Deputy National Security Adviser for Intelligence, Security and Resilience; Lane Bess, former President and Chief Executive Officer of Palo Alto Networks; and Cris Conde, former Chief Executive Officer of Sungard.
The company will use the funds to grow its Research & Development, data science, cyber teams and complete its Go-To-Market plan.
Company: Venari Security
Raised: £4.2M
Round: Series A
Funding Month: August 2021
Lead Investors:
Additional Investors: Paddy McGuinness, Lane Bess, and Cris Conde
Company Website: https://www.venarisecurity.com/
Software Category: SaaS cybersecurity platform
About the Company: Led by CEO Tom Millar, Chief Revenue Officer Hiten Mistry, and Chief Technology Officer Simon Mullis, Venari provides a SaaS cybersecurity platform that uses a combination of machine learning, artificial intelligence, and behavioral analytics to accurately detect threats on the network in near real-time, without the need for decryption. Reduces the response time of security teams and enables them to proactively respond to threats rather than react to events while delivering internal and regulatory compliance for organizations.
Source: https://www.finsmes.com/2021/08/venari-security-raises-4-2m-in-series-a-funding.html