Goodwin Procter LLP advised Tessian on the deal.
Tessian announced the completion of its $65 million Series C. The venture capital funding round was led by March Capital, and existing Tessian investors Accel, Balderton Capital, Latitude and Sequoia Capital also participated in the round, along with new investor Schroder Adveq, bringing Tessian’s total funding to-date over $120 million. The deal values Tessian at $500 million.
With the new funding, Tessian will expand its platform’s capabilities, helping companies replace their secure email gateways and legacy data loss prevention solutions, and will soon expand beyond email to secure other interfaces like messaging, web and collaboration platforms. Tessian will also use the funding to triple its rapidly growing employee base, with a particular focus on growing its sales team in North America.
Founded in 2013, Tessian’s mission is to secure the human layer by empowering people to do their best work, without security getting in their way. Using machine learning technology, the company automatically predicts and eliminates advanced threats on email caused by human error — like data exfiltration, accidental data loss, business email compromise and phishing attacks — with minimal disruption to employees’ workflow.
The Goodwin team was led by Bill Schnoor (Picture), Adam Thatcher, Ali Ramadan and Charles Baker.
Law Firms: Goodwin Procter;