eSentire, a provider of Managed Detection and Response (MDR) solutions, has received $325 million in capital under a binding agreement with Georgian and the Caisse de Dépot et Placement du Québec (CDPQ), valuing the company at more than $1 billion. The primary stakeholder of eSentire is still Warburg Pincus.
eSentire mitigates company risk and enables cybersecurity at scale by combining cutting-edge machine learning XDR technology, 24/7 threat hunting, and experienced security operations leadership.
This investment in eSentire’s future development would mark a major milestone since the company has crossed $100 million in annual recurring revenue (ARR) and wants to expand its go-to-market operations across Europe and APAC to satisfy growing enterprise demand. Over the next 18 months, eSentire will continue to spend heavily in research and development as it grows its patented Atlas XDR software as a service (SaaS) offering and add over 400 new team members throughout the globe, increasing the total number of employees to over 1000.
“eSentire has established itself as the leading provider of Managed Detection and Response cybersecurity services, protecting the reputations and operations of more than 1200 organizations 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, Chief Executive Officer (CEO) at 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 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.”
Global Expansion Plans
eSentire would put organizations ahead of attack disruption by combining XDR technology at the edge, the industry’s finest cybersecurity specialists, and more than two decades of security operations expertise in threat containment and remediation. Customers have given eSentire an impressive 72 Net Promoter Score for its personal commitment to their security, with customer success survey respondents indicating 100 percent satisfaction with deployment time to value in days and 98 percent confirming overall better protection from business disruption with eSentire MDR. With a service offering that includes strategic Managed Risk services, 24/7 multi-signal MDR, and Digital Forensics and Incident Response services, the organization provides proactive protection.
“We are thrilled to partner with Team eSentire in the next phase of their growth journey,” said Simon Chong, Co-Founder of Georgian. “eSentire has a well-documented history of making original threat discoveries and protecting its customers from ransomware battles and zero-day attacks. 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.”
Artificial Intelligence Technology
As eSentire prepares for the next phase of growth, their Atlas XDR Cloud Platform would continue to provide an unrivaled artificial intelligence (AI) advantage, hardening customer security postures by proactively pushing each threat detection model and expert response action across the eSentire global customer base. In today’s expanding cybercrime environment, this Security Network Effect provides a degree of security that cannot be overstated, and it has been a key driver of business adoption of both eSentire MDR and the whole Atlas XDR SaaS solution, according to eSentire.
“eSentire’s solutions are more critical than ever for any organization, given the heightened risk environment characterized by sophisticated cybersecurity attacks, the global need for talented cyber experts and the accelerating digitalization of the workplace,” said Thomas Birch, Managing Director, Global Venture Capital and Technology, CDPQ. “As a global technology investor, we are proud to support Team eSentire as they continue to revolutionize how organizations protect themselves with leading threat detection and response solutions.”
“eSentire provides the most complete suite of technologies and services in the Managed Detection and Response market and has experienced industry-leading growth over the past few years, supported by a strong customer service team and continued product innovation,” said Cary Davis, Managing Director at Warburg Pincus. “The additional investment will allow eSentire to build upon its leadership position.”