Capital One Ventures, Snowflake Ventures, Verizon Ventures, and Wipro Ventures have joined the previously announced growth investment of more than US$1 billion in Securonix led by Vista Equity Partners.
These strategic investments allow Securonix to build and expand relationships with existing customers and partners as it continues to set the standard for cloud-native security analytics and operations.
“The demand for Securonix has never been stronger. Strategic partnerships with our customers and partners have been critical to unprecedented market traction, and are key to long-term growth and success,” said Sachin Nayyar, CEO, Securonix.
“The collection of strategic investments and technology partnerships will open new doors for Securonix with broader solution offerings, expanded global footprint, and accelerate our trajectory as one of cybersecurity’s next great companies,” said Nayyar.
Over the past 12 months, Securonix has accelerated its hypergrowth trajectory, growing its SaaS-business by more than 100%. The company has been enabling global enterprises and Managed Service Providers to more effectively detect and respond to cyberthreats in modern environments with new offerings.
Stefan Williams, VP of corporate development and Snowflake Ventures, said the mutual success they have enjoyed with Securonix and the “Connected Application” model made adding the company to their investment portfolio a no-brainer.
The pioneer of UEBA, Securonix provides cloud-native SIEM, XDR, and SOAR capabilities rooted in behavior analytics. With its latest funding and new strategic partners, Securonix looks to extend this to the application layer and to OT and IoT, and further penetrate key verticals and geographic regions.
Katie Crammer, executive director of security products at Verizon Business, said Securonix is a trusted technology partner and its cloud-native security analytics and operations solution is built into the core of Verizon Managed Detection and Response.
“As a cloud-native organisation ourselves, we recognised the important contribution Securonix could make to businesses securely operating in the cloud,” said Jaidev Shergill, managing partner at Capital One Ventures
Rod Aliabadi, managing director at Vista, said they originally partnered with Securonix because they recognised that its mission-critical platform represents boundless potential for growth in the ever-evolving cyberthreat landscape.