CensorNet, the complete cloud security company, today announces it has raised £2m in Series A funding to power the next phase of growth. The funds will be primarily invested into bolstering its R&D for its popular platform, which helps organisations manage the risk of cloud applications in an increasingly mobile work environment. The round was led by Talis Capital, with existing investors and management participating. Vasile Foca has joined the board as investor director.
SMEs and non-profit organisations use CensorNet to visualise, control and protect all internet activity and the use of cloud applications across all devices. CensorNet solutions give greater visibility to senior management and control to IT departments, allowing organisations to address productivity, security and audit issues associated with the growing use of cloud applications and mobile devices.
"The entire CensorNet team are pleased to be working with Talis Capital and we welcome Vasile to the board. We are confident their experience in SaaS and cyber security will prove invaluable as we continue to grow an exciting business," comments CEO Ed Macnair.
CensorNet is active globally across multiple industries. Having recently announced distribution partnerships with Blue Solutions and Caretower, CensorNet also provides white-labelled solutions for MSPs, allowing them to add margin generating robust web and email security services to their portfolio.
"CensorNet has developed a market-leading product suite which caters to the needs of SMEs struggling to respond to the ever more sophisticated cyber security threats. Their experienced team have a track record of building successful software businesses, so we are delighted to be working with them through the next stage of the company's development," explains Vasile Foca, co-founder and Director of Talis Capital.
"SMEs generally remain underserved in terms of affordable, high quality cyber security products. CensorNet is well placed to make a significant impact in this market and we are excited to support this growth financing," adds Matus Maar, co-founder and Director of Talis Capital.
Talis Capital is a private investment office based in London, specialising exclusively in direct Private Equity and Venture Capital deals. The tech venture arm, Talis Ventures, focuses on B2B business support services and intelligence via data analytics – mainly sold as SaaS. Talis Capital have completed over $350m of transactions since 2009.
CensorNet, the complete cloud security company, helps organisations step up to the challenge of managing the rise of cloud applications in an increasingly mobile work environment. Its solutions give greater visibility to senior management and much better control to IT in the supervision of company-wide internet access and the use of cloud applications across all devices, regardless of whether users are in-office or mobile. It gives organisations the power to address the security, audit, compliance and productivity issues associated with the growing use of cloud applications and mobile devices in today's digital workplace. CensorNet's cloud security solutions also enable organisations to control Shadow IT and safely implement BYOD initiatives. The Company is headquartered in Basingstoke, UK.