Total amount raised
$132.6 Millions
Latest funding date
09/01/2021
Location
Tessian has successfully raised significant funding over multiple rounds, attracting investments from prominent firms such as Sequoia, Accel, and Citi Ventures. The company, now part of Proofpoint, specializes in advanced AI for email security, aiming to prevent data breaches and security threats caused by human error.
Keep reading to explore the intricacies of Tessian's fundraising journey and the investors backing this innovative platform.
What Is Tessian?
Tessian, founded in 2013, is a cybersecurity company based in London, England. The company was established by Edward Bishop, Thomas Adams, and Tim Sadler. Specializing in AI and machine learning, Tessian focuses on email security to prevent data breaches and security threats caused by human error.
With an employee count ranging from 101 to 250, Tessian has developed a Human Layer Security platform that empowers employees to work without security disruptions. The company was acquired by Proofpoint on October 30, 2023, and continues to innovate in the field of cybersecurity.
How Much Funding Has Tessian Raised?
- Pre-Seed Round
- Amount Raised: £217K
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and validate the market need for AI-driven email security solutions.
- Seed Round
- Amount Raised: £130K
- Date: April 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and begin initial market penetration.
- Seed Round
- Amount Raised: $2.7M
- Date: April 2017
- Lead Investors: Accel, LocalGlobe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the team and enhance the AI capabilities of the platform.
- Series A
- Amount Raised: $13M
- Date: June 2018
- Lead Investors: Accel, Balderton Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve product features.
- Series B
- Amount Raised: $42M
- Date: January 2019
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series C
- Amount Raised: $65M
- Date: May 2021
- Lead Investors: March Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and support global expansion.
- Series C Follow-On
- Amount Raised: £6.5M
- Date: August 2021
- Lead Investors: Okta Ventures, Citi Ventures, Sozo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand platform capabilities beyond email to secure other interfaces like messaging and web.
- Non-Equity Assistance
- Amount Raised: Not specified
- Date: September 2021
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and scaling of AI-driven cybersecurity solutions.
Total Amount Raised: $122.7M
Current Valuation: Not publicly disclosed
Key Investors
- Sequoia
- Details: Sequoia is a venture capital firm known for backing some of the most successful technology companies in the world. They have a long history of investing in early-stage startups and helping them grow into industry leaders.
- Investment Focus Areas: Technology, healthcare, consumer, financial services
- Notable Investments: Apple, Google, Oracle
- Accel
- Details: Accel is a global venture capital firm that invests in early and growth-stage technology companies. They have a strong track record of identifying and nurturing high-potential startups.
- Investment Focus Areas: Early and growth-stage technology companies
- Notable Investments: Facebook, Dropbox, Slack
- March Capital
- Details: March Capital is a venture capital firm that focuses on investing in technology companies across various stages. They are particularly interested in enterprise software, cybersecurity, and AI.
- Investment Focus Areas: Enterprise software, cloud infrastructure, cybersecurity, AI
- Notable Investments: CrowdStrike, SparkCognition, ASAPP
- Balderton Capital
- Details: Balderton Capital is a venture capital firm that invests in early-stage technology companies in Europe. They have a strong focus on helping startups scale and succeed in the global market.
- Investment Focus Areas: Early-stage technology companies in Europe
- Notable Investments: Revolut, Citymapper, GoCardless
- Future Fifty
- Details: Future Fifty is a program that supports high-growth UK-based technology companies. They provide resources and connections to help these companies scale rapidly.
- Investment Focus Areas: High-growth UK-based technology companies
- Notable Investments: Not specified
What's Next for Tessian?
As Tessian looks to the future, the company is poised to expand its platform capabilities beyond email to secure other interfaces like messaging, web, and collaboration platforms. This move aligns with industry trends that emphasize the importance of comprehensive cybersecurity solutions in an increasingly remote and hybrid work environment. The potential for growth is substantial, given the rising demand for advanced security measures that address human error.
With the successful Series C extension and backing from high-profile investors, Tessian is well-positioned for future fundraising opportunities. The company may attract further investments to support its ambitious expansion plans and technological advancements. However, Tessian will need to navigate challenges such as integrating new security features seamlessly and staying ahead of evolving cybersecurity threats.
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