Menlo Security, a Menlo Park, CA-based provider of malware isolation software, closed a $40m Series C funding.
Backers included new investors American Express Ventures, Ericsson Ventures and HSBC and existing investors JPMorgan Chase, General Catalyst, Sutter Hill Ventures, Osage University Partners and Engineering Capital.
The company, which has raised $85m in total funding, intends to use the capital to expand sales and marketing of its platform, across geographies and sectors, including finance, technology, manufacturing, hospitality, healthcare and the government.
Led by Amir Ben Efraim, CEO, Menlo Security protects organizations from cyberattacks by seeking to eliminate the threat of malware from the web, documents and email via a cloud-based isolation platform, which is used by major global businesses, including Fortune 500 companies and financial services institutions.
Rather than try to distinguish between safe and risky content, the company’s isolation platform acts like a digital partition, isolating and executing all web content, email links and documents in the cloud, then streaming a malware-free version of the content to employees’ computers via its Adaptive Clientless Rendering™ (ACR) technology, with a native experience.
FinSMEs
11/12/2017