Venari Security, a London, UK –based defender of encrypted networks, raised £4.2m in Series A funding at a post money valuation of £14.2m.
- Paddy McGuinness, the UK’s former Deputy National Security Adviser for Intelligence, Security and Resilience;
- Lane Bess, former President and Chief Executive Officer of Palo Alto Networks; and
- Cris Conde, former Chief Executive Officer of Sungard.
The company will use the funds to grow its Research & Development, data science and cyber teams, and complete its Go-To-Market plan.
Led by CEO Tom Millar, Chief Revenue Officer Hiten Mistry, and Chief Technology Officer Simon Mullis, Venari provides a SaaS cybersecurity platform uses a combination of machine learning, artificial intelligence, and behavioural analytics to accurately detect threats on the network in near real-time, without the need for decryption. This reduces the response time of security teams and enables them to proactive respond to threats rather than react to events, while delivering internal and regulatory compliance for organisations.