Cyphort Raises $30 Million in Series C Funding Led by Sapphire Ventures
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Investment Helps Company Expand and Meet Growing Customer Demand
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Cyphort, a pioneer of Advanced Threat Defense (ATD) solutions, today announced it has secured $30 million in Series C funding. Sapphire Ventures led the round and was joined by all existing investors: Trinity Ventures, Foundation Capital and Matrix Partners. The latest round of funding will be used to help with the security company’s rapid growth and expansion into new markets. The new funding brings Cyphort’s total investment to more than $53 million since inception.
Over the last 18 months, Cyphort has experienced exponential growth in revenue and customer demand. Cyphort has expanded its customer base of Global 1,000 enterprises and continues to grow into verticals including technology, media, financial, retail, travel and entertainment, to name a few.
“This Series C round is another great milestone for Cyphort as we continue our tremendous growth and traction in the security space,” said Manoj Leelanivas, CEO of Cyphort. “Network security threats are always changing and the IT landscape is constantly evolving. In this new world, where the enterprise perimeter has all but vanished, Cyphort’s distributed software platform provides comprehensive threat visibility, automated containment and unparalleled ease of deployment. This new round of funding and investment from Sapphire Ventures and our existing investors, solidifies Cyphort’s longevity and continued customer confidence in the solutions our company provides.”
“Sapphire Ventures is thrilled to lead this investment in Cyphort as we believe the company’s innovative solutions will transform the security industry,” says Jai Das, managing director of Sapphire Ventures. “In the world of cyber security it is difficult to stay ahead; however Cyphort provides customers with complete protection through its unique combination of an array of sandboxes, coupled with machine learning to identify advanced persistent threats on a real-time basis. We look forward to helping Cyphort accelerate growth and achieve enterprise-level scale.”
Cyphort is a next-generation security company founded and led by experienced industry veterans who recognized a need for new solutions in the market to detect, analyze and add contextual intelligence to stop advanced threats. Recently, Cyphort was named “Rookie Security Company of the Year” by SC Magazine, named a SINET 16 Innovator and recognized by Network World as one of the “Must-have security tools” in the enterprise. In April 2015, the company announced it is the first in the industry to combine APT detection with lateral movement.
For more information on Cyphort’s advanced threat defense platform, please visit: http://www.cyphort.com/products/advanced-threat-defense-platform/
Cyphort is an innovative provider of Advanced Threat Protection solutions that deliver a complete defense against current and emerging Advanced Persistent Threats, targeted attacks and zero day vulnerabilities. The Cyphort Platform accurately detects and analyzes next generation malware, providing actionable, contextual intelligence that enables security teams to respond to attacks faster, more effectively, and in as surgical a manner as their attackers. Cyphort's software-based, distributed architecture offers a cost effective, high performance approach to detecting and protecting an organization’s virtual, physical and cloud infrastructure against sophisticated attacks. Malware detection for Windows, OSX and Linux allows businesses to extract maximum value from IT assets without compromising the security of an organization. Founded by experts in advanced threats from government intelligence agencies and premier network security companies, Cyphort is a privately held company headquartered in Santa Clara, California. For more information, please visit www.cyphort.com and follow us @Cyphort.
About Sapphire Ventures
Sapphire Ventures is focused on helping today’s most innovative technology companies become global category-defining leaders. Leveraging nearly two decades of experience and an extensive global enterprise network, Sapphire Ventures invests capital, resources and expertise to enable its portfolio companies to scale rapidly. Whether entrepreneurs sell to businesses, consumers or both, Sapphire Ventures offers a powerful platform for business development and operational excellence to help them accelerate growth. With $1.4 billion under active management via direct growth investments and an early-stage fund investmentstrategy, Sapphire Ventures is uniquely positioned to elevate companies to the global stage. Find us in Palo Alto and London and at www.sapphireventures.com. Follow us @sapphirevc.
Nicole Bosgraaf, 781-684-0770 or 415-512-0770
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