Securonix, Inc., a firm in Next-Gen SIEM and XDR, has announced it has received a more than US$ one billion growth investment led by Vista Equity Partners (“Vista”), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, with participation from Volition Capital and Eight Roads Ventures. The investment gives Securonix the capital and expertise to continue its hypergrowth trajectory while meeting record customer demand, further validating its leadership position in cloud-native security analytics and operations.
“Securonix is driven by technology innovation and a passionate mission to address the cybersecurity challenges faced by organizations globally. We solve a very tough problem that requires excellence across multiple domains, including product engineering, threat detection/hunting, data science, and operations. This funding will help us accelerate investments in these areas and continue to provide a world-class service to our customers,” said Sachin Nayyar, CEO and Co-founder, Securonix.
“As a next-gen SaaS company with a strong leadership team, differentiated platform, and passionate customer base, Securonix is leading the SIEM and XDR markets at a time of significant transformation,” said Michael Fosnaugh, Co-Head, Vista’s Flagship Fund and Senior Managing Director.
The new funding allows Securonix to make significant investments in global talent acquisition, adding senior leaders across engineering, cloud operations, threats labs, and sales and marketing. As a Vista portfolio company, Securonix will benefit from its industry expertise with next-gen SaaS companies and a vast ecosystem to help scale operations and accelerate product innovation.
“India market is key to Securonix’s global operations. We have significantly expanded our business through large customer acquisitions, channel partner success and a rapidly growing team in the region. The investment will be used to meet the growing regional demand for modern cloud-native SIEM technology. We will continue to invest in new products, platform expansion and global talent, adding leaders across engineering, cloud operations, threat labs, and sales and marketing. We are bullish about capitalising on the opportunity and creating better threat detection and response solutions”, said Harshil Doshi – Director Sales (India and SAARC), Securonix.
He further added, “The threat landscape is ever-evolving and as we work with customers across finance, healthcare, government and technology, we realise that security teams are still struggling to manage and respond to threats in a multi-cloud environment setup. This is the reason behind our success in the country as we use cloud-native, next-gen SIEM platforms built on advanced analytics that organisations need to strengthen their security operations and thwart new-age threats.”