Securonix raised fund over USD 1 Bn investment by Vista EquityLast Updated: February 25th, 2022
Securonix Inc., a cloud-based security solution provider, has raised more than USD 1 billion in funding from a private equity firm Vista Equity, the company shared this information on 15 Feb.
The capital will help the company to continue its hypergrowth trajectory while meeting customer demand, further validating its leadership position in cloud-native security analysis and operations.
Sachin Nayyar, CEO, and co-founder of Securonix said, Securonix is driven by technology innovation and has a passionate mission to address cyber security challenges faced by organizations globally. This funding will help us accelerate investments in these areas and continue to provide world-class service to our clients.
Analyst firm Gartner last year named Securonics a leader and a visionary in the SIEM (Security Information and Event Management) space, citing the company’s strengths around data privacy controls, threat intelligence capabilities, and managed service partner support.
Recent product innovation includes new flexible deployment models including ‘Bring Your Own Snowflake’ and ‘Bring Your Own AWS’ that align with customers’ cloud strategies and overall business needs, and Securonics Open XDR, SOAR, and launch of Autonomous Threat Sweepers (ATS).
The recent funding allows the company to make a significant investment in adding new senior leaders, threats labs, cloud operation, and sales & marketing. Securonix will benefit from next-generation SaaS companies with their industry expertise and a vast ecosystem to help scale operations and accelerate product innovation.
Prior to the deal, Securonix has raised more than $50 million from investors. Investment firm Volition Capital and Eight Roads Ventures participated in this funding round along with Vista Equity.