VC firms back $13m series-A for Tessian

Existing investors Accel, Amadeus Capital Partners, Crane, LocalGlobe, Winton Ventures and Walking Ventures also took part.

The fresh capital will be used to open a new office near Liverpool Street in London, and expand the team and product offering.

Tessian reported annual recurring revenue growth of 400% over the last 12 months and has increased its staff from 13 to 50 people in the same period.

Balderton partner Suranga Chandratillake and Accel partner Luciana Lixandru will join the board.

Previous funding
A consortium of VC firms including Accel, LocalGlobe, Amadeus, Winton and Crane led a $2.7m seed round for Tessian in April 2017.

Company
Tessian is a London-based software developer focusing on email security. It uses machine learning to recognise normal email communication patterns and automatically identify security threats. The company employs 50 people.

People
Balderton Capital – Suranga Chandratillake (partner).
Accel – Luciana Lixandru (partner).
Tessian – Tom Adams, Ed Bishop, Tim Sadler (co-founders).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Venture
• United Kingdom
• Balderton Capital
• Accel Ventures