Menlo Security, a Palo Alto, CA-based cloud security company, raised $75m in Series D funding.
The round was led by clients advised by JP Morgan Asset Management with participation from existing investors General Catalyst, Sutter Hill Ventures, Osage University Partners, American Express Ventures, HSBC, JP Morgan Chase and Engineering Capital. In conjunction with the funding, Jonathan Ross, portfolio manager and managing director at JP Morgan Asset Management, will join Menlo Security’s board.
The company intends to use the funds to expand its global sales team.
Led by Amir Ben-Efraim, CEO, Menlo Security provides an Internet Isolation technology platform that separates an enterprise network from the public web, while still allowing employees to access the Internet. The solution removes the viewing of email attachments and web browsing from the desktop and moves it to the cloud. By isolating Internet content in the cloud, users are protected from malware, ransomware and phishing attacks that bypass legacy defenses, thereby eliminating the most prolific sources of breaches.
Customers include some of the largest enterprises and government agencies.