Tenex.ai secures $250 million Series B funding for AI-powered threat detection

Tenex.ai Inc., a managed threat detection and response service provider, announced it has raised $250 million in a Series B funding round led by Crosspoint Capital Partners. This significant investment, which includes participation from Shield Capital and DeepWork Capital, comes less than a year after the company's launch and brings its contracted revenue to $25 million, Silicon Angle reports.

Tenex.ai offers a cybersecurity platform that utilizes artificial intelligence agents to scan corporate infrastructure for malicious activity, aiming to alleviate the burden on internal IT teams. The platform analyzes comprehensive telemetry data, reducing false positives by over 95% in some instances.

Services are delivered in three editions, ranging from assistance with Google SecOps deployments and playbook creation to round-the-clock monitoring and breach remediation. Tenex also supports Microsoft's security operations software. The new funding will be used to expand partnerships, integrate its AI platform with more third-party products, and hire over 250 new professionals.

Source: Silicon Angle