KUALA LUMPUR, Nov 13 -- Menlo Security, a leader in cloud security, has raised US$100 million in Series E funding, valuing the company at US$800 million. (US$1 = RM4.133)
The round was led by Vista Equity Partners, a leading global investment firm focused on enterprise software, data and technology-enabled businesses, with additional participation from Neuberger Berman funds, General Catalyst, JP Morgan, and other existing investors.
This new capital will further 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.
As businesses of all sizes embrace remote working and migrate to software as a service (SaaS), security is being completely re-architected to combat modern-day threats such as phishing and ransomware.
Traditional ‘detect and respond’ approaches fail to provide the safety that users and businesses need, thus the Menlo Security Cloud SWG is an extensible security platform – built on a unique isolation core – that delivers on the promise of cloud security.
It provides the most effective zero trust approach to preventing malicious attacks, offers seamless experience for end-users that allows for safe, uninterrupted work while accessing the Internet, SaaS or private applications; and removes significant operational burden for security operations teams.
Despite market uncertainty in the wake of COVID-19, Menlo Security has maintained impressive momentum, with 155 per cent ARR growth and over 100 per cent increase in average deal size year to date compared to the same period last year.
More details at www.menlosecurity.com.
-- BERNAMA
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