TENEX.AI Secures $250 Million Series B Funding to Transform AI-Native Cybersecurity Operations

Sarasota-based cybersecurity firm TENEX.AI has announced a $250 million Series B funding round led by Crosspoint Capital Partners. This significant capital injection elevates the company to unicorn status with a valuation exceeding $1 billion. The achievement comes just one year after the company emerged from stealth and began generating revenue.

TENEX provides an AI-native Managed Detection and Response platform designed to process 100% of customer alert telemetry in under a minute. The system utilizes agentic AI to triage and investigate threats, achieving a 95% reduction in false positives. This approach allows human analysts to focus exclusively on critical decision-making rather than manual data sorting.

The company plans to use the funds to hire more than 250 new employees across engineering and security operations roles. CEO Eric Foster notes that the goal is to hire more humans specifically because AI makes them ten times more effective. This growth strategy aims to solve the historical problem of defenders being unable to keep pace with automated attackers.

International expansion is also a key priority for the newly raised capital. TENEX is establishing a headquarters in Europe to address the growing demand for managed security services across the EMEA region. These efforts will help local enterprises navigate complex regulatory pressures and a severe shortage of skilled cybersecurity talent.

Concurrent with the funding news, TENEX announced the appointment of Bashar Abouseido as President. Abouseido previously served as the Chief Information Security Officer at Charles Schwab, bringing deep enterprise risk expertise to the leadership team. His background will be instrumental as the firm deepens its partnerships with major cloud infrastructure providers.

The funding round also included participation from Shield Capital and DeepWork Capital, following a successful $27 million Series A round late last year. TENEX currently ranks as the fastest-growing cybersecurity company on the 2026 Cyber 150 list. This momentum reflects a broader industry transition toward autonomic security solutions.