Menlo Security enters Australian market with USD 110 million funding round

Monday 14 October 2019 00:39 CET | News

Menlo Security, a global enterprise cloud security provider, has entered the Australian market following a USD 110 million Series D funding round.

Clients advised by JP Morgan Asset Management have led the funding, with existing investors also participating in the round, including General Catalyst, Sutter Hill Ventures, Osage University Partners, American Express Ventures, HSBC, JP Morgan Chase and Engineering Capital.

Menlo Security will initially focus on the banking and finance industry, signing one large bank ahead of launch, as well as defence, government, and industry. The company will partner with Westcon in Australia to develop its cyber security channel partnerships in the local market.

Australia was a key target for the company’s global expansion, with Australian organisations leading the world in adopting a cloud strategy making it essential to develop parallel security transformations.

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Keywords: Menlo Security, cloud, online security, fraud prevention, cloud security, Australia, funding, banking
Countries: World