Security software start-up raises 2.5 million euros

Tenzir closes a €2.5 million seed funding round to expand into the US. It is also strengthening its management team.
Tenzir has developed a security software for companies, now the Hamburg-based company is raising 2.5 million euros with this concept. The money comes from cybersecurity investor Ecapital and is to be used primarily for market entry in North America.
At the same time, the start-up is getting a new member of the management team: Mark Mastrangeli will take on the role of Chief Product and Revenue Officer in the future and will closely accompany the expansion into the US market. Mastrangeli was previously at Intel, McAfee and built the Open Cybersecurity Alliance (OCA) with IBM.
"As we deploy our technology in the most complex environments, Mark's experience will be instrumental in shaping an ecosystem of modular security solutions," said Tenzir founder Matthias Vallentin. The start-up offers the ability to automatically detect and investigate cyberattacks. This can be used to support cybersecurity teams in companies.
Investors are also convinced by Tenzir: "Security teams today struggle with dozens of different tools that keep data in silos and hardly work together. Security infrastructure needs to be rethought," says Dirk Seewald, partner at Ecapital.

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