Sepio Systems, an Israeli cybersecurity company, raised $6.5m in Series A funding.
The round was led by Hanaco Ventures and Merlin Ventures, with participation from existing investors Energias de Portugal (EDP), Mindset Ventures and Pico Partners.
The company, which has raised $11m in tofal funding to date, intends to use the funds to expand operations.
Led by Yossi Appelboum, co-founder and CEO, Sepio Systems provides security teams with full visibility into their hardware assets and their behavior in real time. A comprehensive policy enforcement module allows administrators to define granular device usage rules and continuously monitor and protect their infrastructure. Leveraging a combination of physical fingerprinting technology together with device behavior analytics, the solution offers instant detection and response to any threat or breach attempt coming from a manipulated or infected element.
The company’s Sepio Prime, which is a software-only solution, has been deployed in over 25 banks, insurance, and telecom companies in the U.S., Singapore, Brazil, South Africa and Israel.
In conjunction with the financing, Sepio is appointing two new executives to its management team:
– Gili Sahar, who joins as Chief Financial Officer, and
– Chen Ben Eliyahu, who joins as Vice President of Business Development.
As part of its expansion, Sepio is opening a new office in Mclean, Virginia for supporting the US federal customers.