# eSentire

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/esentire

- Industry: IT Security/Cybersecurity
- Headquarters: Waterloo, Canada
- Website: www.esentire.com
- Total disclosed funding: $43M
- Latest round: Series D (Feb 3, 2016)
- Investors on record: 6

## About

Based in Canada, eSentire Inc. specializes in cybersecurity solutions, primarily through Managed Detection and Response (MDR) services, utilizing advanced technology to safeguard organizations against cyber threats.Founded in 2001 in Waterloo, Canada, eSentire Inc. provides cybersecurity services, distinctively focusing on Managed Detection and Response (MDR). The company was involved in a significant transaction in February 2022, when CDPQ and Georgian acquired a majority stake from Warburg Pincus LLC for USD 225 mn. eSentire has raised a total of USD 47 mn across 8 deals, culminating in its latest funding round. The company is led by CEO J. Haynes and Kerry Bailey, with Eldon Sprickerhoff as its founder, who has a history of involvement in the tech industry.eSentire’s primary offerings center around Managed Detection and Response (MDR) services, which integrate AI-driven security operations, multi-signal attack surface coverage, and continuous threat hunting. The company's flagship platform, the Atlas XDR, employs a multi-agent Generative AI system that enhances threat detection and incident response capabilities. These services are designed to protect organizations from both known and unknown cyber threats, focusing on proactive threat intelligence, incident handling, and comprehensive security strategies. eSentire serves over 2,000 clients across more than 80 countries, including sectors such as finance, healthcare, and manufacturing, demonstrating its commitment to delivering tailored security solutions.eSentire generates revenue through subscription-based models for its MDR services, offering tiered packages that cater to a variety of security needs. These packages include foundational coverage, comprehensive services, and advanced offerings such as advisory programs and cyber risk assessment support. Client contracts detail service levels and integration requirements, allowing for flexible financial arrangements. By continuously enhancing security programs, eSentire aims to align its offerings with client objectives and ensure business continuity.In February 2022, eSentire secured USD 225 mn in a Secondary Stock Purchase led by CDPQ and Georgian, a move intended to facilitate geographic expansion and scale operations. The funding will support the company’s plans to broaden its market presence and enhance its service offerings. Specific targeted regions for expansion are yet to be disclosed, but the company is committed to utilizing this capital for strategic growth initiatives.

## Funding rounds

- Series D, Feb 3, 2016, $20M — Edison Partners, Northleaf Capital Partners, Georgian, Cisco Investments, Information Venture Partners
- Series C, Sep 16, 2014, $13M — Edison Partners, Northleaf Capital Partners, VentureLink, Georgian, Cisco Investments
- Series B, Jul 15, 2013, $10M — Edison Partners, VentureLink

## Investors

- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Series B, Series C, Series D
- VentureLink — Series B, Series C
- Northleaf Capital Partners (https://capitalatlas.ai/funds/northleaf-capital-partners) — Series C, Series D
- Georgian — Series C, Series D
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series C, Series D
- Information Venture Partners (https://capitalatlas.ai/funds/information-venture-partners) — Series D