MMC leads $6.4m investment into cyber defence business, Senseon
We are delighted to welcome Senseon, the next generation AI platform for cyber defence, to the MMC portfolio following the announcement of its $6.4m seed funding round. The investment will allow Senseon to continue its rapid expansion in the UK and increase its presence in EMEA and the US.
MMC led the deal and we look forward to working with the other investors in the round including Mark Weatherford, Chief Cyber Security Strategist at vArmour and former Deputy Under Secretary for Cybersecurity, U.S. Department of Homeland Security, Amadeus Capital Partners, Crane Venture Partners and CyLon.
Founded in 2017 by David Atkinson - the first ever cyber operative within the UK’s specialist military units - Senseon empowers businesses to keep pace with the increase of emerging cyber-attacks. Atkinson’s extensive expertise in cyber security, both for enterprises and at a national level, inspired him to create the ‘AI Triangulation’ system at the heart of the Senseon platform.
“Cyber-attacks are one of the greatest concerns for the modern business. Organisations’ networks are becoming increasingly complex and accelerated tech adoption creates additional noise for attackers to hide within. Meanwhile, attacker innovation is growing, and their techniques evade current cyber defence tools, which are unable to differentiate between genuinely malicious threats and merely new or unusual activity.”David Atkinson, Founder and CEO of Senseon
AI Triangulation ensures complete visibility across organisations’ entire digital estates and provides context to automatically determine genuine cyber threats in the noise of busy networks. The Senseon platform learns and adapts to organisations’ environments and provides highly accurate threat detection that reduces false positive alerts, which the average organisation wastes 425 hours a week investigating, costing them $1.37million per year.
“Cyber security continues to be the number one priority for technology deployments by CIOs. Organisations of all sizes need to get better at keeping pace with emerging threats, but more importantly, identifying the attacks that require intervention. Senseon's technology directly addresses this challenge by using reinforcement learning AI techniques to help over-burdened security teams better understand anomalous behaviour through a single holistic platform.”Mina Samaan, MMC Ventures