Securonix has secured a growth investment worth more than $1 billion and will use the capital to support talent acquisition efforts, advance growth initiatives and meet customer demand for cloud-native security analytics and operations platforms.
Volition Capital and Eight Roads Ventures participated in the Vista Equity Partners-led investment, Securonix said Tuesday.
“We solve a very tough problem that requires excellence across multiple domains, including product engineering, threat detection/hunting, data science, and operations,” said Sachin Nayyar, co-founder and CEO of Securonix. “This funding will help us accelerate investments in these areas and continue to provide a world-class service to our customers.”
Securonix offers next-generation security information and event management and extended detection and response platforms built on a scalable, cloud-native architecture and backed by advanced analytics. The company will use the funding to hire senior leaders across cloud operations, engineering, sales and marketing, among other areas.
“We look forward to this partnership with Vista to support our goal of enabling leading enterprises and managed service providers to secure their infrastructure, network, and applications against advanced threats with speed and efficiency,” said Tanuj Gulati, chief technology officer and co-founder of Securonix.
Citi and Fenwick & West are serving as financial adviser and legal counsel, respectively, to Securonix. Kirkland & Ellis is acting as Vista’s legal counsel in the transaction.