Cloud-based security solutions provider Securonix has raised more than $1bn in a private fundraising round led by private equity firm Vista Equity Partners.
The capital raised will allow it to make significant investments in hiring senior talent and expand its offerings around the world, its co-founder and chief executive Sachin Nayyar told Reuters in an interview.
Securonix has raised over $50 million from investors prior to the deal. Investment firms Volition Capital and Eight Roads Ventures participated in this funding round alongside Vista Equity. The terms of the deal were not disclosed.
Read more: Reuters
