Cloud security startup
Zscaler has received a $100 million investment. The company, which has headquarters in San Jose, California, USA, offers scalable cloud-based security services which include next generation firewalls, sandboxing, SSL services, antivirus, and vulnerability management. The company has received the investment through financing provided by direct credit investment platform TPG Specialty Lending (TPG) alongside contributions from Lightspeed Ventures and EMC. Nehal Ram, a TPG partner, has joined the Board of Directors at Zscaler.
Zscaler joins a relatively long list of startups that focus on security to have received substantial investments recently. Other startups in the list include CounterTack and Menlo Security. Zscaler already caters to a wide range of customers including NBC, United Airlines, and the United Kingdom's National Health Service. According to the company, it deals with 100 million threats on a daily basis. Money from the investment will be used to invest further in technology and increase its customer base.
“We see tremendous opportunity in the rapidly-growing cybersecurity industry, and after spending significant time in the space, we found Zscaler to be the leading cloud-based security solution for the world’s largest and most demanding customers—a true SaaS platform like that of Salesforce or Workday,” Nehal Raj. “We are looking forward to partnering with Jay and his team to accelerate growth, most immediately by introducing Zscaler to the potential customers and channel partners within our global network.”
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