ZeroFOX, a Baltimore, MD-based social media and digital risk monitoring market platform provider, raised $40m in funding.
The round was led by Redline Capital Management and Silver Lake Waterman, Silver Lake’s late stage growth capital fund, with participation from existing investors New Enterprise Associates, Highland Capital Partners and Core Capital. In conjunction with the round, Alastair Cookson, Partner at Redline Capital Management, has joined ZeroFOX’ Board of Directors.
The company, which has raised a total of $88m in funding to date, will use the capital for global expansion and continued product innovation.
Led by James C. Foster, Chairman and CEO, ZeroFOX uses artificial intelligence and a patented enterprise-grade platform to protect organizations from targeted phishing attacks, social media account compromise, data exfiltration, brand hijacking and more.
Its cloud-based, SaaS platform processes millions of posts and accounts daily across the social landscape, spanning Facebook, LinkedIn, Twitter, Instagram, YouTube and more. Leveraging patented technology, targeted data collection, intelligent analysis, automated remediation, and proven security practices, ZeroFOX protects businesses from targeted attacks and provides global insights into the world of social media threats.