Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cloud Security

Menlo Security Raises $100 Million at $800 Million Valuation

Cloud security company Menlo Security on Thursday announced that it has raised $100 million in a Series E funding round, valuing the firm at $800 million.

Cloud security company Menlo Security on Thursday announced that it has raised $100 million in a Series E funding round, valuing the firm at $800 million.

The latest funding round, which brings the total raised by Menlo Security to $260.5 million, was led by Vista Equity Partners, with participation from Neuberger Berman, General Catalyst, JP Morgan and other existing investors.Menlo Security

The company says it plans on using the money to “further fuel market expansion and empower the company to scale go-to-market capabilities.”

Menlo Security offers a cloud-based isolation platform designed to provide enterprises comprehensive protection against a wide range of threats. It provides data loss prevention, proxy, CASB, firewall, app isolation, private access, Office 365, G Suite, and security operations center (SOC) products.

Menlo Security claims it has recorded significant growth in terms of revenue and deal sizes over the past year. The company says its customers include several of the world’s biggest banks, credit card issuers, and critical infrastructure organizations.

“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,” said Ryan Atlas, managing director at Vista Equity Partners.

“Menlo Security has taken a unique approach with Isolation technology at its core that is able to completely neutralize all critical attack vectors of Web and email. We are thrilled to partner with Amir and the team to build on Menlo Security’s tremendous momentum and help catapult the company into their next phase of growth,” Atlas added.

Related: SentinelOne Raises $267 Million at Valuation Exceeding $3 Billion

Related: Enterprise Device Security Company Eclypsium Raises $13 Million

Advertisement. Scroll to continue reading.

Related: Developer Security Firm Snyk Raises $200 Million at $2.6 Billion Valuation

Related: Cloud Security Company Accurics Raises $20 Million

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

SecurityWeek talks to Billy Spears, CISO at Teradata (a multi-cloud analytics provider), and Lea Kissner, CISO at cloud security firm Lacework.

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.