PE Fund Investments
Wipro Ventures, others join security tech co Securonix's over $1-B round
US- and Bangalore-based Software-as-a-Service (SaaS) security tech firm Securonix has attracted investments from Capital One Ventures, Snowflake Ventures, Verizon Ventures and Wipro Ventures as part of the over USD 1 Billion round it had announced in Feb 2022 led by Vista Equity Partners with participation from Eight Roads Ventures India and Volition Capital. Citi is serving as exclusive financial advisor to Securonix, and Fenwick & West LLP is acting as legal counsel. Kirkland & Ellis LLP is serving as legal counsel to Vista. The funding is expected to allow Securonix to build and expand relationships with existing customers and partners in the space of cloud-native security analytics and operations. Over the past 12 months, Securonix claims to have grown its SaaS business by more than 100%.
From the Venture Intelligence PE-VC Deal Database: In Sep-17, Securonix had raised $29 million Series A from Eight Roads Ventures India and US-based Volition Capital.
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