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Asset Risk Management Firm Sepio Raises $22 Million in Series B Funding

Asset risk management firm Sepio this week announced that it has raised $22 million in Series B funding, which brings the total raised by the company to $37 million.

The new funding round was led by U.S. Venture Partners, with additional investment from Bess Ventures, Citi Ventures, Stanford University, World Trade Ventures, and angel investors.

Asset risk management firm Sepio this week announced that it has raised $22 million in Series B funding, which brings the total raised by the company to $37 million.

The new funding round was led by U.S. Venture Partners, with additional investment from Bess Ventures, Citi Ventures, Stanford University, World Trade Ventures, and angel investors.

Founded in 2016, the Rockville, Maryland-based firm provides physical layer-based asset risk management capabilities, helping organizations deal with known and shadow IT assets at any scale.

Basically, Sepio helps businesses identify rogue devices connected to their corporate networks, including mice, keyboards, or other USB-connected devices, which may open the door to cyberattacks by state-sponsored and criminal adversaries.

The new funding will allow Sepio to invest in its product and in sales.

“We specifically tapped into asset risk management from the beginning when this was an inexplicably overlooked area. It has truly paid off. So many great minds are now recognizing asset risk management as a key cybersecurity challenge,” Sepio CEO Yossi Appleboum said.

Related: Spyderbat Raises $10 Million for Cloud and Container Security Platform

Related: Arnica Raises $7 Million to Protect Software Developers, Code

Related: Network Security Company Corsa Security Raises $10 Million

Related: Insurance Giant Munich Re Invests in Rogue Device Mitigation Firm Sepio Systems

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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