Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Application Security

MDR Vendor eSentire Banks $325M at ‘Unicorn’ Valuation

Canadian cybersecurity vendor eSentire has scored $325 million in new financing at a heady valuation north of a billion dollars.

Canadian cybersecurity vendor eSentire has scored $325 million in new financing at a heady valuation north of a billion dollars.

The Warburg Pincus-backed company, which sells MDR (managed detection and response) services globally, said the so-called “unicorn” valuation comes amidst increasing enterprise demand for its threat response and risk management software.

The new funding brings the total raised by the Waterloo-based eSentire to $411 million and comes as the company is boasting about surpassing $100 million in annual recurring revenue (ARR).

[ READ: What’s Behind the Surge in Cybersecurity Unicorns? ]

eSentire hawks threat response protection in the MDR category and said the new funding will be used to support geographic expansion and build out its newer eSentire’s Atlas XDR SaaS offering.

The $325 million funding round was led by Georgian and Caisse de dépot et placement du Québec (CDPQ). The company said Warburg Pincus remains its majority shareholder.

The company said it is currently providing managed detection and response services to more than 1200 organizations in 75 countries.

Related: MDR Company Expel Raises $140 Million at Unicorn Valuation

Advertisement. Scroll to continue reading.

Related: MDR Firm Huntress Raises $40 Million in Series B Funding Round

Related: MDR Provider GoSecure Raises $35 Million

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Learn how the LOtL threat landscape has evolved, why traditional endpoint hardening methods fall short, and how adaptive, user-aware approaches can reduce risk.

Register

Join the summit to explore critical threats to public cloud infrastructure, APIs, and identity systems through discussions, case studies, and insights into emerging technologies like AI and LLMs.

Register

People on the Move

SAP security firm SecurityBridge announced the appointment of Roman Schubiger as the company’s new CRO.

Cybersecurity training and simulations provider SimSpace has appointed Peter Lee as Chief Executive Officer.

Orchid Security has appointed a new Chief Product Officer and three advisors.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.