Semperis Announces $40 Million in Growth Funding After Completing Six Consecutive Profitable Quarters
NEW YORK (05/13/2020) – Semperis, the pioneer of identity-driven cyber resilience for enterprises, today announced $40 million in Series B funding. Global venture capital and private equity firm Insight Partners led the round with participation from existing investors. The new investment follows Semperis completing its sixth consecutive profitable quarter, bringing total funding to $54 million. With this capital infusion, Semperis will continue to expand its global presence and accelerate hiring across all functional areas.
Semperis also announced that Teddie Wardi, Managing Director at Insight Partners, and Charlie Federman, Partner at SilverTech Ventures, will be joining its board of directors.
“Across every industry, companies are waking up to the fact that ransomware can literally shut off the lights and end their business if recovery isn’t swift and secure,” said Wardi. “With ransomware damages projected to reach $20 billion by 2021, Semperis is filling an enormous gap, especially for organizations that can’t tolerate lengthy outages or degraded service. We’re thrilled to partner with the team and help them scale.”
Semperis partners with government agencies and Global 2000 enterprises to empower comprehensive protection for their directory services on-premises and in the cloud. With Semperis, organizations can continuously monitor their directories for security vulnerabilities, intercept cyber-attacks in progress, and quickly respond to breaches and operational errors.
“This funding event marks a significant milestone for Semperis, and we’re proud to have such an elite group of investors joining us in our mission,” said Mickey Bresman, CEO, Semperis. “Cybersecurity programs, big and small, are on the front lines of a new war that has virtually no boundaries and no rules of engagement. If you think about hospitals that can’t access their systems to save a life, or cities that get held hostage, we have a responsibility to help organizations take back control. That’s what drives us.”
As the gatekeeper to critical applications and data, Microsoft Active Directory (AD) has become a prime target for widespread attacks that have crippled businesses in recent years. The most destructive attack to date, NotPetya, wrought $10 billion in total damages in 2017 according to White House officials. Like many high-profile companies impacted by NotPetya, the world’s largest shipping firm, Maersk, spent over a week manually recovering its Active Directory.
“NotPetya ushered in an entirely new era of cyberwarfare and AD is in its crosshairs,” Bresman added. As reported, Maersk emphasized that nine days for an AD recovery isn’t good enough. Because if you can’t recover AD, then you can’t repair anything else and business halts. Organizations must be able to safely automate AD recovery even if host servers are infected or wiped out.”
In 2019, Semperis introduced a cyber-first approach to disaster recovery for Active Directory. The company’s patented technology fully automates the Active Directory recovery process, avoids human errors, reduces downtime to minutes instead of days or even weeks, and eliminates the risk of malware reinfection.
“Semperis is a mission-driven company uniquely positioned to not only help organizations prevent costly downtime, but also to curb the funding of evil,” said Edward Amoroso, founder and CEO, TAG Cyber. While COVID-19 is disrupting many aspects of daily living, it’s not slowing down the work of nation-state hackers and cybercriminals. When organizations can say ‘no’ to blackmail and ransom demands, we’re all safer.”
Headquartered in New York City, Semperis’ team of identity experts and Microsoft MVPs bring vast experience building and operating world-class cybersecurity programs. For more information, visit www.semperis.com or follow Semperis on Twitter @SemperisTech.
Semperis is the pioneer of identity-driven cyber resilience for cross-cloud and hybrid environments. The company provides cyber preparedness, incident response, and disaster recovery solutions for enterprise directory services—the keys to the kingdom. Semperis’ patented technology for Microsoft Active Directory protects over 40 million identities from cyberattacks, data breaches, and operational errors. Semperis is headquartered in New York City and operates internationally, with its research and development team distributed between San Francisco and Tel Aviv.
Semperis hosts the award-winning Hybrid Identity Protection conference. The company has received the highest level of industry accolades; most recently being named Best Business Continuity / Disaster Recovery Solution by SC Magazine’s 2020 Trust Awards. Semperis is accredited by Microsoft and recognized by Gartner.
About Insight Partners
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.