UK-based SenseOn has raised a $20M (nearly €17.1M) Series A funding round to scale its cloud-native AI cybersecurity platform. The round was led by Eight Roads Ventures and was supported by existing investors MMC Ventures, Crane Venture Partners and Winton Ventures Limited.
According to the company, the funding will be used for its R&D endeavours, as well as scaling its go-to-market team. “To support this next phase of growth SenseOn welcomes veteran software go-to-market leader Jeremy Duggan to its board. Jeremy has previously taken three SaaS companies – AppDynamics, Bladelogic and Ascential – to unicorn status,” says the company.