KPN Ventures said the aim of investing in Censornet’s series C funding was to aim “for long-term partnership to escalate the availability of enterprise-grade security to mid-market organisations”.
The investment round is set to boost Censornet’s 2022 expansion plans, as it promotes its enterprise-grade cyber security to mid-sized organisations.
Censornet CEO Ed Macnair (pictured) said: “Telcos are in prime position to connect and defend organisations. KPN, in particular, has a strong focus on security for its networks and services, making KPN Ventures a perfect partner for our future growth.”
Macnair has been CEO of Censornet since 2014. Several years earlier he founded SaaSID, a single-sign-on security specialist.
He said the investment in Censornet – on which he did not put a figure – would help the company’s “ambitious growth plans” for Austria, Belgium, Germany, Luxembourg, the Netherlands and Switzerland. “This partnership bolsters our ability to execute,” he said.
Censornet said its autonomous integrated cloud security platform “integrates best-in-class email security, web security, cloud application security and multi-factor authentication solutions into one line of defence”.
Hans Söhngen, managing director of KPN Ventures, said: “Censornet has an impressive track record in the cloud cyber security space and its integrated cyber security platform offers a strong value proposition to mid-market organisations facing rising cyber threats. In addition, Censornet perfectly fits KPN’s ambition to offer a safe digital experience to its customer.”
