INSUBCONTINENT EXCLUSIVE:
Tessian (formerly called CheckRecipient), the London-based startup that is deploying machine learning to improve email security, has raised
$13 million in Series A funding
Leading the round is Balderton Capital, and existing backer Accel
A number of previous investors also followed on, including Amadeus Capital Partners, Crane, LocalGlobe, Winton Ventures, and Walking
the premise that humans are the weak link in company email and data security
This can either be through mistakes, such as a wrongly intended recipient, or through nefarious employee activity
email sending patterns and behaviours
It then attempts to detect anomalies in outgoing emails and warns users about potential mistakes before an email is sent
misaddressed emails an organisation has sent prior to the installation date
The new EU directive stipulates that companies must report data breaches involving personal information to their local regulator and face
fines as high as 4 percent of global turnover for the worst data breaches.In a call late last week with Tessian CEO and co-founder Tim
Sadler, he told me the company plans to use the additional funding for RD, including the launch of new product, and to expand its sales and
its tech to in-bound email, in addition to its existing out-bound products
One way to think about it, he says, is that an email address is like an IP address for humans, enabling human to human networks
However, in terms of security, not only are humans an obvious weak point, acting as the gatekeeper to the network and the data that resides
customers span legal, healthcare and financial services, but that any enterprise handling sensitive data are a potential fit
