Cybersecurity leader, ThreatLocker, has raised US$100mn in Series C funding led by global growth equity firm General Atlantic, with participation from existing investors Elephant VC and Arthur Ventures.
ThreatLocker will use the new investment to focus on accelerating product innovation to bring the power of Zero Trust security to more organisations, hiring talent and accelerating the company’s global expansion.
Implementing a Zero Trust approach
Founded in 2017, ThreatLocker provides organisations with the ability to protect their IT operations with an effective Zero Trust approach to cybersecurity.
The company’s suite of security tools are designed so that everyone from businesses to government agencies to academic institutions can directly control exactly what applications run on their networks. It provides enterprise-level server and endpoint security by blocking untrusted software, including ransomware, scripts and libraries, and exploits of known and unknown application vulnerabilities through Default Deny Application Control, Ringfencing, Storage Control, Privileged Access Management and Network Access Control solutions.
ThreatLocker CEO Danny Jenkins commented, “ThreatLocker has made a huge impact in the industry in driving least-privilege approach forward over the last few years. We believe this new injection of capital will enable us to improve our product and grow ThreatLocker’s market presence. We are very excited to be partnering with General Atlantic and look forward to leveraging the team’s deep experience in bringing products to market and scaling technologically-disruptive businesses.”
Helping companies with stronger security
The new investment follows a year of growth as ThreatLocker quadrupled its revenue and workforce. Today, ThreatLocker has thousands of partners and protects over 23,000 organisations. The company partners with managed service providers and enterprise clients, including banks, healthcare organisations, and airlines such as JetBlue Airways.
Gary Reiner, Operating Partner at General Atlantic, continued, “ThreatLocker effectively takes the guesswork out of threat detection with its Zero Trust approach. As companies of all sizes increasingly focus on filling in gaps in their security stacks, Zero Trust is becoming a necessity – and we view ThreatLocker as an emerging leader in this paradigm shift. We’re thrilled to partner with the team to accelerate ThreatLocker’s growth as an endpoint security disruptor.”