San Jose, California-based Zscaler, a provider of cloud-based security solutions, today announced that it has raised a massive $100 million round of funding led by late stage investor TPG.
Zscaler’s cloud-based security platform leverages more than 100 data centers around the world to deliver carrier-grade Internet security, advanced persistent threat (APT) protection, data loss prevention, SSL decryption, traffic shaping, policy management and threat intelligence.
The firm says that its platform protects more than 13 million users from a base of more than 5,000 companies. Customers include GE, Nestlé, ExxonMobil, Schneider Electric, United Airlines, United States Marines, NATO and the National Health Services of the UK.
According to the company, the additional capital will be used to fuel business expansion and support continued product development.
“The investment and partnership from TPG and the global relationships and experience they provide will enable us to accelerate investment in our technology, grow our customer base and aggressively scale our business to meet growing demand,” said Jay Chaudhry, CEO of Zscaler, who founded the company in 2008.
Zscaler is hardly Chaudhry’s first success story.
Chaudhry founded CipherTrust, an email security firm that was acquired by Secure Computing in a cash and stock deal valued at approximately $274 million in 2006. Secure Computing was ultimately acquired by McAfee. Chaudhry also founded AirDefense, a wireless IDS/IPS vendor that was acquired by Motorola in 2008. Additionally, Chaudhry was the founder of CoreHarbor, an ASP for e-procurement solutions, which was ultimately acquired by USi/AT&T. Back in 1996, Chaudhry started SecureIT, an Internet security services company that was bought out by VeriSign.
Existing investors EMC and Lightspeed Ventures also contributed to the round.
As part of the new investment, Nehal Raj, Partner at TPG, will join the Zscaler Board of Directors.
“We are looking forward to partnering with Jay and his team to accelerate growth, most immediately by introducing Zscaler to the potential customers and channel partners within our global network,” Raj said.
