Menlo Security today announced it raised $100 million in a Series E funding round. Vista Equity Partners led the funding round, with contributions from Neuberger Berman, General Catalyst, JP Morgan and existing investors. Menlo Security has raised $250 million so far.
Menlo Security works to protect organizations from cyberattacks by eliminating the threat of malware from the web, documents, and email. Menlo Security’s cloud-based isolation platform scales to provide comprehensive protection across enterprises of any size, without requiring endpoint software or impacting the end user experience.
Menlo Security is currently valued at $800 million. According to a press release, the company plans to use the influx of capital to “fuel market expansion and empower the company to scale go-to-market capabilities, as well as provide increased investment in engineering to accelerate product delivery and category expansion.”
Amir Ben Efraim, CEO of Menlo Security, gave a statement with the announcement. “The internet is where work happens – in browsers, email, shared files and SaaS applications – making these critical business workflows a massive target for malicious attacks.”
“We are on a mission to empower organizations with the essential cloud security platform they need to outsmart and eliminate threats to protect productivity. This new round of financing and partnership with the Vista team provides us with the means to accelerate our execution capabilities across all dimensions of the business and meet the needs of our global customers as they transition to Zero trust and SASE based deployment models.”
Ryan Atlas, Managing Director at Vista Equity Partners, also shared his thoughts. In today’s dynamic threat landscape with the rapid growth in connected devices, simultaneous de-centralized network structures, and the widespread embrace of SaaS and cloud-based applications, providing a safe internet experience is more important and challenging than ever before.”
Learn more about Menlo Security here.
Latest posts by Ben Canner (see all)
- How SOAR Can Protect a New Remote Work Paradigm - November 24, 2020
- There’s No Such Thing As “Hands Off Cybersecurity” - November 20, 2020
- What to Expect During the First Annual Solutions Review Cybersecurity Insight Jam - November 20, 2020