Menlo Security a startup with a novel method to defending your organization from malware and phishing assaults, introduced a $ 40 million Collection C spherical immediately.
Menlo protects clients by by no means lets letting workers entry an precise web site or electronic mail containing malware. As an alternative, they isolate the unique in a container, then show a clear mirror picture within the browser, which has been crushed of any of the unhealthy stuff. The pondering goes that if the malware by no means reaches you, it cannot hurt you.
As CEO and co-founder Amir Ben-Efraim defined after the company’s $ 25 million Series B spherical in 2015, “We isolate all web pages and email in the cloud (either public or private). As content gets isolated, it never makes it to the end point. This eliminates the malware at an architectural level. ”
It is an efficient method, as Ben-Efraim reviews that they now have greater than one million customers at tons of of consumers and have had zero infections up to now.
These form of outcomes are resonating with clients and buyers alike, he says. “We have now at this point hundreds of customers, mostly from the Global 2000. There has been a tremendous uptick in adoption. We are hitting the nail on the head in terms of impact we’ve been having. The big breaches over the last couple of years [often] trace back to an end user being targeted by malware, “Ben-Efraim stated.
This spherical of funding provides a number of strategic buyers together with American Categorical Ventures, Ericsson Ventures and HSBC. Menlo’s present buyers JPMorgan Chase, Basic Catalyst, Sutter Hill Ventures, Osage College Companions and Engineering Capital additionally participated. The corporate has now raised over $ 85 million.
Tim Dawson, who’s head of cyber expertise at HSBC, says they’re all the time in search of progressive safety options. “Cyber security is a top priority for us. This investment is an example of how as threats constantly evolve, we will continue to dedicate time and resources to the challenge, exploring innovative ways to protect our clients and staff, “he stated in a press release.
The corporate at the moment has 125 workers, however Ben-Efraim expects that to extend to shut to 200 by the top of 2018. “Series C is promises to be about accelerating go-to market motion,” he stated, and to that finish, they intend to pay attention these hires on constructing a worldwide gross sales and advertising workforce within the coming 12 months.
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