Menlo Security has closed a $40 million round in Series C funding, bringing total investment to $85 million
December 2017 by Marc Jacob
Menlo 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 investment will allow Menlo to expand sales and marketing of its Security Isolation Platform, which has been enabling companies of all sizes to take a more powerful approach to security.
As the impact of security breaches continues to dominate headlines all over the world, attackers have become more sophisticated and conventional malware detection products are not enough. Rather than try to distinguish between safe and risky content, 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.
The level of protection provided by Menlo Security’s isolation technology raises the bar for the industry and sets new standards for security, gaining attention from customers and investors alike.
Isolating Internet Web Browsing
The industry is also taking note of isolation technology. In a report entitled Cool Vendors in Security for Midsize Enterprises, 2017, published on 31 May 2017, Gartner analysts Neil Wynne, Adam Hils, Saniye Burcu Alaybeyi, and Tricia Phillips wrote, “Gartner estimates that organizations isolating internet web browsing will experience a 70% reduction in attacks that compromise end-user systems.” The report continued, “By isolating the user’s browsing activity on the public internet from the end user’s device and from the rest of the enterprise’s networks and systems, the ability of an attacker to establish a foothold, move laterally, breach other enterprise systems and exfiltrate data can be greatly reduced. Notably, browser isolation can thwart ransomware attacks, blocking the malware’s ability to encrypt the user’s files on their devices or in file shares, neither of which are directly accessible from the remote browser session.” Menlo Security has been recognized as a Cool Vendor in this report.