Enterprise identity protection company Semperis on Wednesday announced that it raised $40 million in a Series B funding round, which brings the total
Enterprise identity protection company Semperis on Wednesday announced that it raised $40 million in a Series B funding round, which brings the total raised to date to $54 million.
The funding round was led by Insight Partners, with participation from existing investors. Semperis plans on using the funds to “expand its global presence and accelerate hiring across all functional areas.”
Semperis is headquartered in New York City and has R&D teams in San Francisco and Tel Aviv, Israel. The company says most of its customers are in the United States, with some initial customers in Europe and the APAC region.
The company says it has been profitable for the past six quarters — it could have continued to operate without raising additional funds — but decided that it wants to grow more, and it believes that global venture capital and private equity firm Insight Partners is perfect for helping it achieve that goal. Teddie Wardi, managing director at Insight Partners, will join Semperis’ board of directors.
Semperis currently offers two products: Semperis Directory Services Protector, which helps organizations protect Active Directory, and Semperis Active Directory Forest Recovery, designed to help organizations recover following an attack.
Mickey Bresman, CEO of Semperis, told SecurityWeek in an interview that the company’s solutions are designed to help organizations prior, during and after an attack. Prior to an attack, they scan Active Directory deployments for vulnerabilities and misconfigurations, and in case an attack is detected they provide organizations with visibility and enable them to easily revert the changes made by the attackers.
As an example, Semperis provided the NotPetya attack and its impact on Danish shipping giant Maersk. In that incident, the Active Directory recovery process took nine days, but Bresman said his company’s solutions can reduce the recovery time to 4 hours — even less, depending on the company’s size and business processes.
“This funding event marks a significant milestone for Semperis, and we’re proud to have such an elite group of investors joining us in our mission,” Bresman said. “Cybersecurity programs, big and small, are on the front lines of a new war that has virtually no boundaries and no rules of engagement. If you think about hospitals that can’t access their systems to save a life, or cities that get held hostage, we have a responsibility to help organizations take back control. That’s what drives us.”