Buoyed by Law Firm Cybersecurity Demand, eSentire Announces Sizable Investment
The cybersecurity company's investment comes as law firms are expressing greater interest in manager detection and response services.
August 24, 2017 at 11:02 AM
3 minute read
Canada-based cybersecurity company eSentire announced it received a sizable investment from private equity firm Warburg Pincus, underscoring the growing demand for managed detection and response services from a host of industries, including legal.
ESentire didn't disclose the investment amount, a source familiar with the latest financing from Warburg Pincus said it was in the nine figures, and many times its total previous funding. eSentire received $14 million in Series C funding in 2014 and $19.5 million in Series D funding in 2016 .
J. Paul Haynes, eSentire's CEO, said the investment will be put toward “additional research and development” of its cybersecurity technology, expanding the company's presence in the U.S. and around the world, and ensuring it protects and grows its market share in the managed detected and response market.
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