Tenzir Concludes Final Closing of €3 Million Seed Financing Round with G+D Ventures and eCAPITAL to Accelerate Market Expansion
Hamburg, DE, June 20, 2023 — Tenzir, the pioneer in security data pipelines, today announces the successful final closing of its seed investment round, totaling EUR 3M. This round saw significant contributions from G+D Ventures and an additional investment from eCAPITAL, showcasing their confidence in Tenzir’s mission and its potential for significant market growth.
Tenzir has established itself as a key player in the emerging security data pipeline market. The firm continues to break new ground by providing innovative solutions for security data challenges and is already being deployed across 4 continents to manage hundreds of sensors at large Managed Detection and Response (MDR) providers.
This investment will bolster Tenzir’s research and development, expedite market expansion, and strengthen its customer service capabilities. In August, Tenzir is set to launch its flagship enterprise security data pipeline platform, which includes a free community edition.
“As businesses continue to grapple with unprecedented challenges, we’re seeing a remarkable opportunity for Tenzir to lead the way in helping our customers find more cost-effective and efficient ways to manage their security data,” said Matthias Vallentin, CEO of Tenzir. “We are incredibly grateful for this backing from G+D Ventures and eCAPITAL, as it will allow us to accelerate our growth plans, enhance our technology, and continue serving our customers with cutting-edge security data solutions.”
G+D Ventures, the venture arm of G+D and a European early stage investor focusing on innovations promoting trust to the society (“TrustTech”), recognizes the transformative potential of Tenzir’s solutions. “In a world where more data is created than ever, one of the paramount obstacles currently confronting cybersecurity systems is the sheer amount of data they must manage. This flood of information creates a serious trust issue, inadvertently leaving gaps for attackers to exploit. We believe Tenzir is countering this problem with a novel approach to security data infrastructure, effectively restoring trust”, said Michael Hochholzer, Managing Director of G+D Ventures.
“Tenzir’s drive to revolutionize security data management has resonated with us from the beginning. Their dedication to transforming security data operations is exceptional and aligns perfectly with our commitment to support rapid-growth cybersecurity companies. We’re excited to fortify our partnership with Tenzir, and look forward to their continued success,” added Dirk Seewald, Partner at eCAPITAL.
Despite the global economic volatility, Tenzir has demonstrated continued growth and impressive performance, and recently announced the addition of highly regarded cybersecurity expert Kelley Misata to its board of directors. This funding round will catalyze Tenzir’s momentum, paving the way for further innovation in security data pipelines and laying the groundwork for the emerging discipline of Security Data Operations (SecDataOps).
About G+D Ventures
G+D Ventures has been active since 2018 and founded by experienced Venture Capitalists. We are a theme-driven investor focusing on growth-oriented companies, whose innovations promote and protect trust in our society. With this goal in mind, we established a €50M co-investment vehicle with the European Investment Bank (EIB) and the Giesecke+Devrient Group (G+D), dedicated to investing in early-stage European TrustTech startups.
For more information on G+D Ventures, visit gd.ventures.
Founded in 1999, eCAPITAL is an entrepreneur-led venture capital investor focusing on early- and growth-stage deep-tech companies with a positive impact on society. eCAPITAL is based in Germany and invests with its own funds with a total volume of over €340 million in the areas of Sustainability, Enterprise Software, Cybersecurity, IoT and New Materials. In addition to financial resources, eCAPITAL offers its portfolio companies strategic support and access to an international network of entrepreneurs, scientists, investors and founders and was lead investor in various deep-tech companies such as sonnen, Novaled or Jedox, which were sold very successfully to international strategists or investors. For more information about eCAPITAL, see ecapital.vc.
Tenzir is the pioneer in open-source security data pipelines and the development of SecDataOps, a groundbreaking detection and response operational model. By providing cutting-edge solutions that empower security teams to efficiently manage data and automate incident response processes, Tenzir is transforming the way organizations protect their critical assets. With a strong commitment to open-source principles and collaboration, Tenzir is at the forefront of cybersecurity innovation.