SaaS security platform AppOmni has raised $70m in its Series C funding round, which was raised to support its product development efforts.
Software investment firm Thoma Bravo served as the lead investor, with commitments also coming from Scale Venture Partners, Salesforce Ventures, ClearSky and Costanoa Ventures.
Capital from this round will help AppOmni bolster its product development, fuel its international growth and scale its go-to-market processes.
AppOmni supplies companies with centralised visibility, unmatched data access management and security controls that integrate with any SaaS environment. It supports includes Box, Confluence, Fastly, GitHub, Google Workspace, Jira, Microsoft 365, Salesforce, ServiceNow, Slack, Workday, Zoom and many more.
It currently protects more than 78 million users across a range of SaaS platforms and has secured over 230 million exposed data records.
The CyberTech company recently launched its Developer Platform, which enables security coverage for any SaaS application, whether purchased from a vendor or built in-house.
AppOmni CEO and co-founder Brendan O’Connor said, “The high-profile SaaS breaches we’ve seen in recent months highlight the urgency CISOs are facing. Customers and prospects across industries tell us the same thing: security teams need better visibility into their SaaS environments and automated tools to adequately secure their quickly growing SaaS ecosystems.
“I founded AppOmni to deliver the security solution that I wish I had while leading security teams at Salesforce and ServiceNow. I am excited to partner with Thoma Bravo and our existing investors to further enhance and scale our solutions so we can help more organisations across the globe to secure their entire SaaS environments.”
With the close of the round, the company has raised a total of $123m in funding. It previously raised $40m in its Series B in April 2021. The investment was led by Scale Venture Partners, with commitments also coming from Salesforce Ventures, ServiceNow Ventures and many others.
This week has seen several big deals in the CyberTech industry. JupiterOne, which develops a cyber asset attack surface management platform, closed a $70m Series C that brought its valuation to $1bn. Similarly, Israel-based Perimeter 81 also reached the unicorn status following the close of its Series C.
Copyright © 2022 FinTech Global