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    HomeUncategorizedTessian nabs $65M to solve cybersecurity peoples problem

    Tessian nabs $65M to solve cybersecurity peoples problem

    Tessian nabs $65M to solve cybersecurity peoples problem

    Tessian- an enterprise that is mainly a hub of an email security company has raised $65 million in a series C round of funding. Also, make public their plans to expand into communication conduits beyond email.

    Some information about Tessian

    This company Tessian mainly designs and develops software for security. The technique that this company uses to secure enterprises all over the financial, legal, and technology sectors from unauthorized email, misdirect email, and spear phishing. Another such threat carried out by mortals is machine learning. Tessian is in the service of customers in the United Kingdom and the United States.

    Tessian is founded in 2013 by Tim Sadler. It has offices in San Francisco and London. It is supported by very well-known investors like Sequoia, Accel, Balderton, and March Captial.

    Five years later, after the establishment of Tessian nabs $65M, London-based Tessian has solved several security headaches for ventures like Prudential, Arm, Schroders, and Dentons.

    In its starting working days, The focal point or central point of the company Tessian was the misaddressed email problem.

    Now, what is misaddressed email problem? Misaddressed email also called a misdirected email is an email sent to the other recipient.

    So one might think what is the problem with this? So let us tell you that if you send misaddressed email then it might lead to a data breach. As all know Email used as a medium to pass on sensitive data and by any means of default. If someone misaddressed it then it may lead to drastic consequences which include legal ones also. This sensitive data mentioned earlier may contain the personal information of customers or a project IP that is the top secret of the organization.

    So how Tessian helped their customer let’s find out this. As earlier we told you that Tessian uses a machine-learning technique. In this what they do is that they scan their customer’s historical email data to point out the patterns, and after knowing about the patterns. They apply this knowledge to identify anomalies in current email activities. It designed to prevent sensitive data from landing in the wrong inbox.

    Nowadays, Tessian provides varieties of quick-fix results across the email security spectrum, counting threat prevention tools that cover business email compromise (BEC), phishing, account takeover (ATO), impersonation attacks, and many more.

    On the whole, Tessian nabs’ $65M is in the service of a human risk hub that gives security personnel data on its “email security posture” by giving a detailed overview of the risk level to an individual level based on historical behaviors. It also helps employees by sending alerts to each of them before they execute any action which may cause risk later. It coaches them on an ongoing process.

    Attack vector

    During its early stage, Tessian had hitched up around $59 million and its newest cash injection saw investments from its initial days, investors like Sequoia, Accel, Balderton, Latitude, and Capital along with the new investors’ March Capital and Schroder Adveq. This round is led by its investor March Capital. Calculating all this now Tessian has an overall value of $500 million.

    Even though companies face a lot of risks not only from security. But it has to face risk from every direction. One of the biggest weaknesses is insider threats(for instance humans). One of the most consistently reliable attack vectors is email.

     Recently Trend Macro released data that revealed that in 2020 remote work expanded high-risk email threats by 32%. With the hights of the detected threats which contain malicious URLs, phishing links, malware, and BEC attempts.

    As Tessian believes that “employees are the gatekeepers to companies’ most sensitive systems and data.” And this is the reason why it is widening its working area beyond email security into messaging and team collaboration platforms.

    As the matter of fact, workers of companies are using a combination of tools. He is ever-growing to communicate internally and externally. While email is still in demand and well demanded across the business world.

    However, Tessian has stopped sharing its future plan which detailed the platforms it would work on in the future.

    But according to a blog post, Tessian did note its plans to multiply its email security credentials and provides aid to companies “replace their source email gateways and legacy data loss prevention solutions.”

    Now let’s talk about this series C round funding which we have mentioned earlier in this post.

    Those businesses are quite successful which raises a series C round funding. These companies seek more funding in order to aid them to come about new products. Swell in new markets, or events to surpass other companies.

    So what investors do in series C round funding is they inject their sum into a bunch of successful businesses. With the belief that they will receive double the sums which they invested. The center of the series C funding round is scaling the company and growing them as quickly and as successfully as it can. What do you think is the most affordable way to do this off-course one of the most possible ways to raise? Its scale is to acquire another company Tessian nabs $65M.

    Common contributors to series C funding are Hedge funds, investment banks, and private equity firms.  The companies that opt to choose series C funding are doing quite well in their area of preference. They are ready to expand their areas to new markets or develop new products. Generally, series C funding round companies are in process of taking their products out of their home to reach an international market.

    Also, Know About- Breach simulation startup AttackIQ raises $44M to fuel expansion

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