Sapphire Ventures led the cybersecurity company's series C round, taking its overall funding to more than $53m since 2008.

US-based cybersecurity technology developer Cyphort raised $30m yesterday in a series C round led by Sapphire Ventures, the venture capital firm affiliated with enterprise software provider SAP.

Sapphire was joined in the round by Trinity Ventures, Foundation Capital and Matrix Partners, the venture capital firms that had provided all of Cyphort’s previous funding.

Founded in 2008, Cyphort’s platform detects and analyses malware, and then provides intelligence that can help cybersecurity teams to respond to the threats more quickly and effectively.

Cyphort, which has now raised more than $53m in funding altogether, will use the series C funding to fuel growth and entry into new markets.

Jai Das, managing director of Sapphire Ventures, said: “Sapphire Ventures is thrilled to lead this investment in Cyphort as we believe the company’s innovative solutions will transform the security industry.

“In the world of cybersecurity it is difficult to stay ahead; however Cyphort provides customers with complete protection through its unique combination of an array of sandboxes, coupled with machine learning to identify advanced persistent threats on a real-time basis. We look forward to helping Cyphort accelerate growth and achieve enterprise-level scale.”