Home Startups Menlo Security raises $75 million to accelerate growth

Menlo Security raises $75 million to accelerate growth

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Cloud security provider Menlo Security recently secured $75 million in a Series D funding round led by JP Morgan Asset Management along with the participation from the existing investors General Catalyst, Sutter Hill Ventures, Osage University Partners, American Express Ventures, HSBC, JP Morgan Chase, and Engineering Capital. Along with the investment, Jonathan Ross, the portfolio manager and managing director at JP Morgan Asset Management, is going to join the company’s board.

The Palo Alto-based company stated the new proceeds will support the company’s vision that focuses on cybersecurity protection for enterprises and Government agencies from malware and phishing attacks.

Menlo Security protects organizations from cyber threats by eliminating malware from the web, documents, and email applications. The company claims that its clients are from Fortune 500 like General Catalyst, Sutter Hill Ventures, Engineering Capital, Osage University Partners, American Express Ventures, Ericsson Ventures, HSBC, and JP Morgan Chase.

“Menlo Security’s innovative security solution protects against threats and attacks that bypass many advanced security products used by companies today,” said Jonathan Ross, portfolio manager and managing director at JP Morgan Asset Management. “Menlo Security’s solution delivers a Zero-Trust Internet by keeping all email and web content off of end user computers and devices, thereby seeking to eliminate malware attacks from these prominent threat vectors.”

“Menlo Security’s global cloud is protecting millions of end users, isolating over 500 million websites per day,” said Amir Ben-Efraim, CEO of Menlo Security.  “While our customers have deployed the most advanced security products, we see a constant stream of phishing and malware attacks evading their defenses. Menlo Security stops these attacks, validating Internet Isolation as being essential to modern security architectures.”

 

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