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Zscaler has landed $100 million in an oversubscribed second round of funding. TPG Growth led this round of investment.
The cloud-based security company focuses on making it safe for enterprise networks to connect to the internet by scanning and filtering traffic for possible malware, viruses, or advanced persistent threats — anything that indicates network information has leaked. In addition to flagging threats, Zscaler also makes recommendations on how to respond to a breach.
Zscaler CEO Jay Chaudhry says he likes to think of his company as the Salesforce of security in terms of how he envisions its growth. He also notes that as a cloud service, it’s easy for his company to appeal to a wide range of companies from small businesses to large enterprises.
So far, Zscaler has attracted 5,000 enterprises and 13 million users globally with roughly 50 percent of sales coming from outside the U.S. The company plans to use it’s latest funding raise to attract new clients with the help of investor TPG.
While other security companies have been quickly buying up other smaller security startups to build out their product repertoire, Zscaler has been more interested in striking up partnerships with players like operational intelligence firm Splunk. Though Zscaler is less interested in making acquisitions, Chaudhry says, “We actually are keeping our ears and eyes open to see what’s available.”
In total, Zscaler has amassed $138 million from investors.
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