A Sarasota cybersecurity firm has raised $250 million in Series B funding — a seismic haul in a community that’s only recently embraced its status as a tech and startup hub.
TENEX, which is building a headquarters at 2407 Bee Ridge Road, secured the capital in a funding round led by California-based Crosspoint Capital Partners. The company plans to use the infusion to accelerate its global expansion and scale its employee base.
The flagship product for TENEX is its managed detection and response service, developed from the ground-up, it says, using artificial intelligence. It helps organizations detect and handle cyber threats through AI agents that escalate issues to humans when necessary. Its funding has grown 318% year-over-year, according to a statement…