Skybox Security, a San Jose, CA-based security policy and vulnerability management, announced that it closed a $50 million financing round, and hired a new chief executive.
The investment was from J.P. Morgan and CVC Growth Funds and Pantheon, bringing its total raised to $335 million.
The company also announced that it has appointed cybersecurity veteran Mordecai Rosen as CEO.
“I was drawn to Skybox by its disruptive technology platform, blue chip customer base, and seasoned cybersecurity team,” Rosen said in a statement. “With our first-to-market SaaS offering, Skybox Cloud, we are well positioned to disrupt both the security policy and vulnerability management markets with a single integrated SaaS platform.”
With a new chief executive on board, the company's plan is to find revenues in the Skybox Cloud Edition, a software-as-a-service product for managing security policy in hybrid multi-vendor environments.
Skybox has built and marketed a security analytics platform that helps defenders with security policy and vulnerability management tooling.
The company’s product suite includes tools for firewall management, automated change management, network assurance, vulnerability control, and threat intelligence.
Company: Skybox Security, Inc.
Funding Month: February 2023
Lead Investors: J.P. Morgan, CVC Growth Funds, and Pantheon
Company Website: https://www.skyboxsecurity.com/
Software Category: Cybersecurity
About the Company: Founded in 2002, Skybox offers a cybersecurity management platform that addresses security challenges in large, complex networks. The company’s SaaS-based security posture management platform delivers visibility, analytics, and automation to map, prioritize, and remediate vulnerabilities across an organization. The solution is vendor-agnostic and optimizes security policies, actions, and change processes across all corporate networks and cloud environments. Skybox has more than 500 enterprise and government customers using its services, including Proctor & Gamble Co., Vodafone Group plc, Fuji Xerox Co. Ltd., Husqvarna AB, Aon plc, and Estee Lauder Inc.
Source: https://www.securityweek.com/skybox-security-raises-50m-hires-new-ceo/ https://siliconangle.com/2023/02/08/skybox-security-raises-50m-appoints-mo-rosen-ceo/