Tessian Limited

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Tessian Limited - overview

Established

2013

Location

London, England, UK

Primary Industry

Software

About

Founded in 2013 and based in London, the UK, Tessian Limited, formerly known as CheckRecipient, operates a security platform that uses machine learning to analyze historical email data and identify anomalies on outgoing emails. Edward Bishop, Thomas Adams, Tim Sadler are the co-founders of the company. In August 2021, the firm raised approximately USD 9 million in Series C funding from Citi Ventures, Okta Ventures, and Sozo Ventures. The company's products include Tessian Defender, Guardian, Enforcer, and Constructor.


Tessian Defender is a comprehensive inbound email security solution that automatically prevents a wide range of attacks that bypass secure email gateways while providing in-the-moment training to drive employees toward secure email behavior. Tessian Guardian automatically prevents accidental data loss caused by misdirected emails and misattached files on email. Tessian Enforcer automatically prevents data exfiltration over email. In 2020, the firm generated GBP 8.


9 million in revenue. Tessian will use the August 2021 funding to expand its platform’s capabilities beyond email, securing other interfaces like messaging, web, and collaboration platforms from incidents of human error.


Current Investors

Innovate UK, Accel, Amadeus Capital Partners

Primary Industry

Software

Sub Industries

IT Security/Cybersecurity, Analytics & Performance Software, Content Management Software, Monitoring & Security Software

Website

www.tessian.com

Verticals

Artificial Intelligence

Total Amount Raised

Subscriber access only

Tessian Limited - timeline of key events

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Tessian Limited - financials

Fiscal Year EndedMar 31, 2017Mar 31, 2018Mar 31, 2019Mar 31, 2020Mar 31, 2021Mar 31, 2022Mar 31, 2023Dec 31, 2024
Revenue (USD)---8,981,81013,751,756---
% Revenue Growth (YoY)----53.1%---
EBITDA (USD)---(10,880,197)(17,842,289)---
Operating Income (USD)---(11,023,804)(18,006,216)---
Operating Margin---(122.7%)(130.9%)---
% EBITDA Margin---(121.1%)(129.7%)---
NET Income (USD)(338,050)-(5,943,114)(9,746,010)(16,382,230)---
% Net Margin---(108.5%)(119.1%)---

Tessian Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedTessian Limited-

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Tessian Limited - employee data

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