{"id":16154,"date":"2022-02-23T02:10:46","date_gmt":"2022-02-23T02:10:46","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/23\/canadian-mdr-startup-esentire-raises-325m-on-a-1b-unicorn-valuation\/"},"modified":"2022-02-23T02:10:46","modified_gmt":"2022-02-23T02:10:46","slug":"canadian-mdr-startup-esentire-raises-325m-on-a-1b-unicorn-valuation","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/23\/canadian-mdr-startup-esentire-raises-325m-on-a-1b-unicorn-valuation\/","title":{"rendered":"Canadian MDR startup eSentire raises $325M on a $1B unicorn valuation"},"content":{"rendered":"

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Canadian managed detection and response startup\u00a0eSentire Inc.<\/a> has raised $325 million in new funding\u00a0to invest significantly in research and development and increase its headcount.<\/p>\n

The secondary market and private equity raise came through binding agreements with\u00a0Georgian and Caisse de d\u00e9pot et placement du Qu\u00e9bec. The funding was raised on a valuation of greater than $1 billion, giving eSentire unicorn status for the first time.<\/p>\n

Founded in 2001, eSentire provides information security solutions and protects enterprises from advanced cyber threats. The company pitches itself as the \u201cAuthority\u201d in managed detection and response with a\u00a0mission to hunt, investigate and stop cyber threats before they become business disrupting events.<\/p>\n

eSentire\u2019s product combines machine learning XDR technology, 24\/7 threat hunting and security operations leadership to mitigate business risk and enable security at scale. Ease of deployment is also a strong point with a mean time to contain active cybersecurity threats of less than 15 minutes.<\/p>\n

The company\u2019s Atlas XDR Cloud Platform is said to deliver an unmatched artificial intelligence advantage whereby customer security postures are hardened as each threat detection model and expert response action are proactively pushed at scale across the eSentire customer base. What eSentire calls the \u201csecurity network effect\u201d enables a level of protection that cannot be underestimated in today\u2019s evolving cybercrime ecosystem. This company\u2019s SNE has been an integral driver of enterprise adoption of both eSentire MDR and the overall Atlas XDR software-as-a-service offering.<\/p>\n

eSentire has seen strong growth with its MDR solution\u00a0protecting critical data and applications of over 1200 organizations in over 75 countries from known and unknown cyber threats. The company has also surpassed over $100 million in annual recurring revenue.<\/p>\n

\u201cWe are thrilled to partner with Team eSentire in the next phase of their growth journey,\u201d Simon Chong, co-founder of Georgian, said in a statement. \u201ceSentire has a well-documented history of making original threat discoveries and protecting its customers from ransomware battles and zero-day attacks.<\/p>\n

Including the new funding, eSentire has raised $411.2 million to date, according to Crunchbase.<\/p>\n

Image: eSentire<\/h5>\n
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