What Internet Security Company Zscaler Plans To Do With The $100 Million Of Venture Capital They’ve Raised

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What Internet Security Company Zscaler Plans To Do With The $100 Million Of Venture Capital They’ve Raised

 

Cloud based security company Zscaler recently raised over $100 million in a second round of venture capital funding which brings the company to a total of $138 million raised from investors. The most recent round of funding valued the company at $1 billion and was led by TPG Growth.

 

 

Zscaler is focused on internet security; they make it safe for enterprise networks to connect to the internet by scanning and filtering traffic for malware, viruses, or advanced persistent threats. After flagging any possible threats Zscaler makes a recommendation to the user on how to respond to the breach.

When a company subscribes to the service they will direct their internet traffic to Zscaler’s security “checkpoints” which reside in 100 data centers around the world. This enables Zscaler to inspect and dissect it.

 

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Source: Zscaler.com

 

CEO of Zscaler, Jay Chaudhry, says,

“Our mission is to make the internet safe for business by delivering an amazing security platform that protects our clients and enables the strategic adoption of cloud computing, mobile devices and the Internet of Things.”

 

The company already helps to protect 13 million employees across different enterprises and government organizations by securing more than 15 billion internet requests and preventing more than 100 million cyber threats a day thanks to the technology behind their security platform.

This comes from 5,000 enterprises with about 50% of sales coming from outside the United States.

Some of their existing customers include companies such as Humana, NBC, ExxonMobil and the UK’s National Health Services.

 

So what will the $100 million of new venture capital go towards?

 

Chaudhry says, “The next step for us is sales and global expansion.”

 

Zscaler wants to build out their business expansion plan, help develop its technology initiatives, and build up their research team.

 

Chaudhry believes that with the help of their big investor, TPG Growth, they’ll be able to attract new clients,

“The investment and partnership from TPG and the global relationships an experience they provide will enable us to accelerate investment in our technology, grow our customer base and aggressively scale our business to meet growing demand.”

 

TPG Growth is also excited about the new business relationship. Nehal Raj, a partner at TPG, says,

“We are looking forward to partnering with Jay and his team to accelerate growth, most immediately by introducing Zscaler to the potential customers and channel partners within our global network.”

 

Do you think TPG Growth has the resources to help Zscaler reach their internet security goals?