Cybersecurity firm eSentire raises $325m as it eyes European expansion

The funding was raised through a binding agreement with Georgian and Caisse de dépot et placement du Québec

Managed detection and response vendor eSentire has raised $325m of funding to take the company's overall valuation past $1bn.

The funding was raised through a binding agreement with Georgian and Caisse de dépot et placement du Québec (CDPQ), with Warburg Pincus remaining eSentire's majority shareholder.

eSentire claims the additional funding will be used to "support geographic expansion, scaling operations to meet increasing enterprise demand, and the growth of eSentire's Atlas XDR SaaS offering".

"eSentire has established itself as the leading provider of managed detection and response cybersecurity services, protecting the reputations and operations of more than 1200 organisations in over 75 countries from business disruption, with a mean time to contain (MTTC) active cybersecurity threats of less than 15 minutes," said Kerry Bailey, CEO of eSentire.

"We are a people-first, mission-driven organization. I am incredibly proud of the resilience and grit of our team, and the lengths they go to, to protect our global customers 24/7.

"We are excited to welcome CDPQ to team eSentire and look forward to our continued partnerships with Georgian and Warburg Pincus."

The company claims to have surpassed $100m in annual recurring revenue (ARR) and now plans to scale go-to-market operations across Europe and APAC.

It also hopes to hire more than 400 team members globally in all areas of the business to bring its employee count to over 1000.

"We are thrilled to partner with team eSentire in the next phase of their growth journey," said Simon Chong, co-founder, Georgian.

"The team continues to exceed customer expectations by staying ahead of the threat curve through rapid threat detection, deep investigation capability, and complete threat response.

"We are proud to be part of eSentire's global expansion plans across EMEA and APAC as the company delivers best-in-class security services to enterprises globally."