Internal data centre and cloud security firm Guardicore has raised $60 million in a Series C funding round, bringing the company’s total funding to $110 million.
This round of funding more than doubles the total capital raised to date and represents an endorsement of Guardicore’s current momentum as the company continues to disrupt the broader firewall and data centre markets.
New investor Qumra Capital led the round and was joined by other new investors DTCP, Partech, and ClalTech, Access Industries’ vehicle for Israeli technology investments. Existing investors Battery Ventures, 83North, TPG Growth, and Greenfield Partners also participated in the round.
Guardicore will leverage the funds to fuel continued growth and accelerate investments in sales, marketing and customer service as it seeks to expand delivery of its Guardicore Centra security platform to enterprise organisations seeking to protect dynamic data centre and cloud infrastructure environments.
“Any organisation has critical IT assets that need to be secured. Our distributed, software-defined segmentation solution is the simplest way to secure these assets whether they reside in the cloud or on premises. The days of being chained to legacy firewalls are over,” said Pavel Gurvich, CEO and co-founder of Guardicore.
“Since our last round of funding, we have successfully been able to articulate our vision and demonstrate that the market is ripe for disruption. We are displacing incumbent players and newcomers alike as we strive to help our enterprise customers quickly secure their business-critical applications and data, reduce the cost and burden of compliance and secure cloud adoption.”
“Deutsche Bank is committed to the highest standards of security and a high priority for us is implementing tight network segmentation in our on-premise and cloud environments. Guardicore gives us an effective way to protect our critical assets through segmentation,” said Alan Meirzon, Director, Chief Information Security Office at Deutsche Bank, a Guardicore customer.
“Guardicore is disrupting the market and is well positioned to capitalise on the broader opportunities this presents. We were compelled to invest as the lead in this round because we believe Guardicore will play a critical role in shaping the future of enterprise security, helping organisations better protect vital systems and data as we evolve our digital information society,” added Boaz Dinte, founding partner of Qumra Capital.