DTCP invests in TENEX.AI to enhance its EMEA expansion and accelerate growth in the AI-driven cybersecurity market.

Information on the Target

TENEX.AI is an innovative cybersecurity firm specializing in AI-native Managed Detection and Response (MDR) solutions. Founded in 2015, the company has rapidly ascended to industry prominence by revolutionizing security operations through the integration of advanced artificial intelligence and human expertise. Recently, TENEX.AI announced an extension of its Series A funding round, bringing its total to $27 million, with significant contributions from multiple high-profile investors, including DTCP, Crosspoint Capital Partners, and Andreessen Horowitz.

In just six months, TENEX has demonstrated impressive market traction, surpassing $10 million in revenue and securing multiple contracts with Fortune 500 companies. This strong performance has solidified its leadership in the AI Security Operations Center (SOC) and Managed Detection and Response (MDR) sectors, positioning TENEX for further expansion into the EMEA region.

Industry Overview in the Target’s Specific Country

The cybersecurity landscape in Europe, particularly in the EMEA region, is thriving, with the market projected to grow at a compound annual growth rate (CAGR) of 12.42% through 2033. The region benefits from a robust tech ecosystem and prominen