AI-driven Sarasota tech company raises $27M

A Sarasota cybersecurity company raised $27 million in a Series A funding round, officials say in a Sept. 11 statement.

TENEX.ai, which is based on Potter Park Drive in south Sarasota County, plans to use the money to “fuel aggressive expansion” including hiring engineers more quickly, scaling sales and marketing efforts and improving customer support, the statement says.

The 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. There was also participation from strategic investors who have not been identified. Andreessen Horowitz has some $46 billion in assets under management, and has invested money in some of the world's biggest tech companies. That list includes Facebook, Twitter, Airbnb, Foursquare, Roblox, Substack and more.