Sarasota cybersecurity company to open office in Europe

A cybersecurity firm with a U.S. headquarters in Sarasota is expanding to Europe. Tenex, which received $27 million in Series A funding in September, announced Dec. 2 that one of its investors is DTCP, an investment management firm based in Hamburg, Germany. Now the tech company is planning to open an office overseas as it grows its client base in Europe, the Middle East and Africa (EMEA).

Tenex, which uses AI and human expertise to provide enterprise security, previously said it planned to use some of the capital to expand its presence in Sarasota, hiring up to 100 skilled AI and cybersecurity professionals in the next couple years. It also has offices near Kansas City, Missouri, and San Jose.

Now, Tenex says it will locate an international headquarters in Europe and hire a team there to help protect against cyberthreats in the EMEA market. 

“By establishing our international headquarters here, we’re tapping into Europe’s talent in AI and cybersecurity,” Tenex CEO Eric Foster says in a statement, “while upholding the moral imperative to combat the evil of cybercrime and give good the advantage as we safeguard our allies’ critical infrastructure against sophisticated threats.”

The company’s flagship product is its managed detection and response service, developed from the ground up using artificial intelligence. It helps organizations detect and handle cyber threats through AI agents that escalate issues to humans when necessary.

Founded in January 2025, Tenex has already exceeded $10 million in revenue, according to a statement, which says its clients include numerous Fortune 500 companies.

The funding from DTCP will enable Tenex to accelerate engineering for its AI agents, expand sales to meet growing international demand and provide faster, more cost-effective threat detection and response support for its enterprise customers, according to a statement.

Tenex’s “explosive growth and innovative approach to fusing AI with human expertise align perfectly with our focus on digital transformation, positioning them to redefine enterprise protection in a high-stakes landscape,” DTCP partner Lance Matthews says in the statement. “We’re excited to support their EMEA expansion, which will leverage Europe’s AI talent and regulatory strengths to deliver scalable security solutions amid rising threats.”

Founded in 2015, DTCP has invested more than $2.5 billion in over 50 companies. It typically backs what it calls “builders of the digital world,” investing $5 to $50 million in early-growth and growth-stage innovators in sectors like cybersecurity, AI and robotics. How much it invested in Tenex was not disclosed.

The $27 million Series A funding round was led by California-based Crosspoint Capital Partners, with full participation from existing investors Silicon Valley area venture capital firms Andreessen Horowitz (a16z) and Shield Capital. In addition to DTCP, Orlando-based venture capital firm DeepWork Capital and the Florida Opportunity Fund were among the investors.