GEC NEWS WIREMenlo Security has closed a $40 million round in Series C funding, bringing total investment to $85 million. New investors in the round include American Express Ventures, Ericsson Ventures and HSBC. They join Menlo’s existing investors: JPMorgan Chase, General Catalyst, Sutter Hill Ventures, Osage University Partners and Engineering Capital. The Menlo Security Isolation Platform acts like a digital partition, isolating and executing all web content, email links and documents in the cloud, then streaming a malware-free version of the content to employees’ computers via Menlo’s patented Adaptive Clientless Rendering (ACR) technology, with a completely native experience. Given the challenge of staying ahead of new, more sophisticated types of attacks, adoption of Menlo’s platform is accelerating across geographies and sectors, including finance, technology, manufacturing, hospitality, healthcare and the government.
“More than a million users at hundreds of companies are protected by Menlo, with zero infections to date,” said Amir Ben Efraim, CEO of Menlo Security. “This has given the market tremendous confidence in our solution. Customers are demanding more durable approaches to malware prevention versus a long legacy of solutions that remain perennially vulnerable to the latest attacks. This funding allows us to respond to this opportunity by continuing to expand our deployments globally to meet this growing demand, while delivering on our vision of eliminating the phishing, ransomware and malware risks from email, web and document downloads.”
“JPMorgan Chase is pleased to continue to collaborate with Menlo Security on their pioneering approach to web and email security through isolation, helping to eliminate phishing attacks without disruption to our business,” said Rick Smith, Head of Private Investments, JPMorgan Chase.
“Menlo’s isolation technology offers a robust solution, and we are excited to support its next phase of growth as the company looks to expand its client base and continue enhancing its capabilities,” said Harshul Sanghi, Managing Partner of Amex Ventures.
“At Ericsson, we seek to continuously improve our networking solutions, and state-of-the-art security is a key feature of global communication networks. We view Menlo’s isolation technology as a way to make all networks more secure,” said Albert Kim, Head of Ericsson Ventures.
Tim Dawson, Head of Cyber Technology at HSBC, said: “Cyber security is a top priority for us. This investment is an example of how—as threats constantly evolve—we will continue to dedicate time and resources to the challenge, exploring innovative ways to protect our clients and staff.”
