Cloud-based security solutions provider Securonix has raised more than $1 billion in a fundraising round led by private equity firm Vista Equity Partners, Reuters reported.
Securonix said the capital raised will allow it to make significant investments in hiring senior talent and expand its offerings around the world.
The company – based in Addison, Texas – offers cyber security threat detection and response services and it’s one of the largest in the category, its co-founder and chief executive Sachin Nayyar said in an interview.
It serves enterprise customers and government agencies around the world, including Pfizer, and the United States accounts for more than half of its revenue.
Securonix has raised over $50 million from investors prior to the deal. Investment firms Volition Capital and Eight Roads Ventures participated in this funding round alongside Vista Equity.