Home Startups Cloud security startup Guardicore raises $60 million

Cloud security startup Guardicore raises $60 million

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Guardicore, a provider of internal data center and cloud security, recently announced that it has raised $60 million in a Series C funding round led by Qumra Capital along with the participation from the new investors DTCP, Partech, and ClalTech. Existing investors Battery Ventures, 83North, TPG Growth, and Greenfield Partners also participated in the investment round. Founded in 2013, GuardiCore develops and sells cybersecurity defense software for data centers and cloud systems.

The Tel Aviv-based cybersecurity startup stated the new investment will fuel its growth and accelerate investments in sales, marketing, and customer service. Guardicore is also planning to expand its security platform to enterprise organizations seeking to protect the dynamic data center and cloud infrastructure environments. The company claims that its security solutions provide a simpler, faster way to consistent security for any application and in any IT environment.

“Any organization has critical IT assets that need to be secured. Our distributed, software-defined segmentation solution is the simplest way to secure these assets whether they reside in the cloud or on premises. The days of being chained to legacy firewalls are over,” said Pavel Gurvich, CEO and co-founder of Guardicore.

“Since our last round of funding, we have successfully been able to articulate our vision and demonstrate that the market is ripe for disruption. With consistent revenue growth the past three years and large-scale deployments with numerous Fortune 500 customers, we have proven that our product is more intuitive, flexible, and makes security easier to apply than traditional firewall technology currently being used to protect internal and cloud infrastructure. We are displacing incumbent players and newcomers alike as we strive to help our enterprise customers quickly secure their business-critical applications and data, reduce the cost and burden of compliance and secure cloud adoption,” Gurvich added.

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