Submitted by Islam Soliman on April 20, 2022
Cybersecurity software provider Threatlocker has secured $100m in Series C funding led by growth equity investor General Atlantic.
The funding, which includes participation from existing investors Elephant VC and Arthur Ventures, will allow the firm to focus on advancing product innovation, hiring talent and accelerating its global expansion.
“We believe this new injection of capital will enable us to improve our product and grow ThreatLocker’s market presence,” said ThreatLocker CEO Danny Jenkins. “We are very excited to be partnering with General Atlantic and look forward to leveraging the team’s deep experience in bringing products to market and scaling technologically-disruptive businesses.”
Founded in 2017, Threatlocker says it provides businesses with the ability to protect their IT operations with an effective zero trust approach to cybersecurity. Its product suite offers enterprise-level server and endpoint security by blocking untrusted software, such as ransomware, scripts and libraries, and exploits of known and unknown application vulnerabilities.
“ThreatLocker effectively takes the guesswork out of threat detection with its zero trust approach,” added Gary Reiner, operating partner at General Atlantic. “As companies of all sizes increasingly focus on filling in gaps in their security stacks, zero trust is becoming a necessity – and we view ThreatLocker as an emerging leader in this paradigm shift. We’re thrilled to partner with the team to accelerate ThreatLocker’s growth as an endpoint security disruptor.”
ThreatLocker says that the funding round follows a year in which both revenue and workforce quadrupled. The firm say it has thousands of partners and protects over 23,000 organisations, including MSPs and enterprise clients, such as banks, healthcare organisations, and airlines like JetBlue Airways.