By Krystal Hu
(Reuters) – Cloud-based security solutions provider Securonix told Reuters on Monday it had raised more than $1 billion in a private fundraising round led by private equity firm Vista Equity Partners.
Securonix said the capital raised will allow it to make significant investments in hiring senior talent and expand its offerings around the world.
The company – based in Addison, Texas – offers cloud-based cyber security threat detection and response services and it’s one of the largest in the category, its co-founder and chief executive Sachin Nayyar said in an interview.
It serves enterprise customers and government agencies around the world, including Pfizer, and the United States accounts for more than half of its revenue.
“We really believe this is the time for us to invest a lot more,” Nayyar said. “We want to provide better intelligence and detection within the apps.”
Securonix has raised over $50 million from investors prior to the deal. Investment firms Volition Capital and Eight Roads Ventures participated in this funding round alongside Vista Equity. The terms of the deal were not disclosed.
Securonix announced a marketing partnership last year with cloud data warehousing firm Snowflake Inc. Nayyar said Securonix planned to partner with other data analytics platforms.
(Reporting by Krystal Hu in Beijing; Editing by Simon Cameron-Moore)
