Capital One Ventures, Snowflake Ventures, Verizon Ventures and Wipro Ventures were all named as participants in a round for the cloud security software provider sized above $1bn.

US-based cybersecurity technology developer Securonix disclosed yesterday that four corporate venturing units have joined its latest funding round, which is sized at over $1bn.

Capital One Ventures, Snowflake Ventures, Verizon Ventures and Wipro Ventures are all taking part in the round, on behalf of financial services firm Capital One, data software provider Snowflake, telecommunications firm Verizon and IT services firm Wipro respectively.

The round is being led by investment firm Vista Equity Partners and includes financial services and investment group Fidelity’s Eight Roads Ventures unit and growth equity firm Volition Capital. All three were named in the initial announcement of the transaction in February this year.

Founded in 2007, Securonix has built a cloud security software tool that uses behavioural analytics to help users thwart cyber threats. It claims it has grown its software-as-a-service (SaaS) business by more than 100% in the past year.

Stefan Williams, vice-president of corporate development…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.