Tau Capital backs Sepio: US-based physical layer-based asset risk management startup Sepio extended its series B funding round with a new investment led by Abu Dhabi-based investment firm Tau Capital, according to a press release. Tau Capital invested USD 11 mn in the startup, Calcalis Tech reports, bringing Sepio's series B round to USD 33 mn, and its total funding to USD 48 mn.

Where the money’s going: Sepio will deploy the investment to grow its customer base, address increased demand from tier-1 enterprises, and develop resources for its new hardware detection and response-managed service, the release said.

About Sepio: The company offers hardware asset risk management for IT, OT, IoT, and IoMT assets, using device existence without traffic or activity monitoring. Past funding rounds saw participation from US Venture Partners, Hanaco Ventures, Munich RE Ventures, Merlin Ventures, Citi Ventures, Pico Partners, and Stanford University.

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