KPN Ventures invests in Censornet’s Series C funding round to accelerate growth and enhance innovation
- Dutch venture capital fund KPN, KPN Ventures, will invest in Censornet, aiming for a long-term partnership to increase the availability of enterprise-grade security to mid-market organizations
- Censornet doubles the growth of Benelux and DACH
- KPN’s investment director, Sem Alberga, joins the board of Censornet
Basingstoke, UK, February 2, 2022: Censorannounced the standalone integrated cloud security provider KPN Ventures has invested in its Series C funding round. The investment round will augment its expansion plans for 2022 as it makes enterprise-grade cybersecurity accessible to midsize organizations. Following the agreement, KPN Ventures investment director Sem Alberga joins the Censornet Board.
Censornet’s Autonomous Integrated Cloud Security platform integrates best-of-breed email security, web security, cloud application security (CASB), and multi-factor authentication (MFA) solutions into a single line of defense. Censornet has already achieved strong growth through MSPs and effective cooperation with channel partners. This investment round consolidates Censornet’s growth plans in the Benelux and DACH areas.
With over ten years of experience in M&A and venture capital, Alberga brings great value and strategic investment expertise to the board of Censornet. His experience will see Alberga focus on Censornet’s strategic direction, ensuring it reap the full benefits of its standalone integrated cloud security platform and partnerships.
Hans Söhngen, managing director of KPN Ventures commented:
“We are very happy to welcome Censornet to our innovative technology investment portfolio. Censornet has an impressive track record in the cloud cybersecurity space, and its integrated cybersecurity platform offers a strong value proposition to mid-range organizations facing growing cyber threats. Furthermore, Censornet fits perfectly with KPN’s ambition to offer a secure digital experience to its customers ”
Ed Macnair, CEO of Censornet, commented:
“Telecommunications are in a privileged position to connect and defend organizations. KPN, in particular, has a strong focus on security for its networks and services, making KPN Ventures a perfect partner for our future growth. We have ambitious growth plans for Benelux and the DACH region and this partnership strengthens our execution capacity. ”
Based in an innovation hub in Basingstoke, UK, Censornet provides mid-range organizations with enterprise-grade cyber security and control. Its Autonomous Integrated Cloud Security platform integrates attack information across email, web and cloud to ensure cyber defenses react at the speed of light. For its millions of users around the world, its automated solution is smarter, faster, and more secure than is humanly possible. It is supported by an award-winning team of customer service specialists. Censornet clients include Fever Tree, Lotus Cars, Parnassia Group, Mizuno, Radius Payments, Newlife Disabled Children’s Charity, National Portrait Gallery, Hallmark Hotels, and Thatchers Cider. It was named Cloud Security Product of the Year (SME) al Computing Cloud Excellence Awards 2021. For more information please visit https://www.censornet.com
About KPN Ventures
KPN Ventures is the investment arm of KPN. KPN has been the leading telecommunications and IT service provider in the Netherlands for nearly 140 years. KPN Ventures focuses on direct and indirect (fund-in-fund) investments in innovative and fast-growing European technology companies in various telecommunications-related topics, including Internet of Things, Cyber Security, Digital Healthcare, Network technology , Remote Working etc. KPN Ventures has a stake in cybersecurity companies Zecops (US), EclecticIQ (NL), Cybersprint (NL) and other companies, such as: Viloc (BE), Sentiance (BE), Cloudify (ISR), Lendis (GER), Dimenco (NL), Smart Photonics (NL), Minut (UK / SE), Wirepas (FI) and Actility (FR).
Censornet Secures Series C Investment From KPN Ventures – UK Technology Investment News
Source link Censornet Secures Series C Investment From KPN Ventures – UK Technology Investment News