Funding round raises $22M for Sepio

Risk management provider Sepio said itraised $22 million in a series B funding round, as it continues work on a platform that assists users in securing shadow assets, VentureBeat reports. Sepio says its Asset Risk Management Platform addresses the issue of cloud instances, apps and IoT devicesaccumulating unseen as enterprises move to remote working and the hybrid cloud, creating what is known as shadow IT assets, which typically go unmonitored and unsecured and are therefore vulnerabilities that threat actors could exploit. The companys platformprovidessecurity teams with visibility into these shadow assets and assigns an Asset Risk Factor to each. Asset Risk Factors reveal potential security risks for each shadow assets that security teams can address before they can be exploited. Discovered assets may then be monitored for misconfigurations and vulnerabilities. Sepios unique approach and algorithms automatically generate an accurate Asset DNA profile for every asset with automatically generated Asset Risk Factors based on contextual business, location, and rules, according to Sepio CEO Yossi Appleboum.