Sepio dashboards
Sepio, an Israeli startup that offers an asset risk management platform, helping customers see, assess and mitigate the risk of all known and shadow IT assets at any scale, raised $22 million in a new series B round of funding led by U.S. Venture Partners (USVP). The raise brings Sepio’s total investment to date to $37 million.
Sepio’s Chairman is Lane Bess, who made headlines for his trip to space aboard Jeff Bezos’s Blue Origin’s New Shepard. He contributed to this round through his foundation Bess Ventures. Other investors included Citi Ventures, Stanford University, World Trade Ventures and market leaders including Slavik Markovich and Intercontinental Exchange’s CIO Mark Wassersug.
Founded in 2017, Sepio boasts that it has created the first asset risk management platform that operates on asset existence rather than activity. Using physical layer asset DNA profiling, Sepio says that the company’s solution provides customers with “actionable visibility, policy enforcement and mitigation capabilities.” These allow customers to gain better control of all assets at scale. With traffic less monitoring, our solution is asset agnostic – whether their infrastructure is connected to IT/OT/IOT.
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Yossi Appleboum, CEO of Sepio, explained, “We are excited to continue our journey building a strong company that provides a robust – while easily deployed and used – solution to tier-1 customers. I’m honored and pleased that USVP is leading this round with the participation of Citi Ventures and the other investors, and I cannot wait to work with them in growing Sepio’s market success. This provides a glimpse into more exciting developments we will unveil in 2022, 2023 and beyond.”
Gili Sahar, CFO of Sepio, added, “The new funding will allow us to expand our market presence and enhance our product offering. The continuous support of our existing investors with the addition of USVP and Citi Ventures as leading investors is a power multiplier that allows us to keep our fast growth in the next year.”
