Menlo Security secures $100 million additional funding

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Menlo Security, a leader in cloud security, today announced it has raised $100 million in Series E funding, valuing the company at $800 million. This new capital will further fuel market expansion and empower the company to scale go-to-market capabilities, as well as provide increased investment in engineering to accelerate product delivery and category expansion.

As businesses of all sizes embrace remote working and migrate to software as a service (SaaS), security is being completely re-architected to combat modern day threats such as phishing and ransomware. Traditional “detect and respond” approaches fail to provide the safety that users and businesses need. Menlo Security’s mission is to make internet use safe, seamless, and effective. The Menlo Security Cloud SWG is an extensible security platform – built on a unique isolation core – that delivers on the promise of cloud security.

“The internet is where work happens – in browsers, email, shared files and SaaS applications – making these critical business workflows a massive target for malicious attacks,” said Amir Ben Efraim, CEO of Menlo Security. “We are on a mission to empower organizations with the essential cloud security platform they need to outsmart and eliminate threats to protect productivity. This new round of financing and partnership with the Vista team provides us with the means to accelerate our execution capabilities across all dimensions of the business and meet the needs of our global customers as they transition to Zero trust and SASE based deployment models.”

Despite market uncertainty in the wake of COVID-19, Menlo Security has maintained impressive momentum, with 155% ARR growth and over 100% increase in average deal size year to date compared to the same period last year. Menlo Security’s customers include seven of the ten largest banks, four of the five largest credit-card issuers and some of the largest energy and critical infrastructure companies in the world.

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