Skybox Security, a SaaS-based security posture management platform, has raised $50m in funding and named a new CEO.
The investment was supplied by CVC Growth Funds, Pantheon and J.P. Morgan. Skybox did not disclose how it intends to use the funds.
Taking up the role of CEO is Mordecai (Mo) Rosen, who has over 25 years of experience. Rosen will focus on driving Skybox’s growth and accelerating the adoption of its solution.
Prior to Skybox, Rosen was the president and CEO of data loss prevention software company Digital Guardian. In this position, he significantly grew recurring revenue and led the company to profitability.
He has also served as the corporate senior vice president and general manager for security at CA Technologies.
Rosen said he was drawn to Skybox for its “disruptive technology platform, blue chip customer base, and seasoned cybersecurity team.”
He added, “With our first to market SaaS offering, Skybox Cloud, we are well positioned to disrupt both the Security Policy and Vulnerability Management markets with a single integrated SaaS platform. I am thrilled to join Skybox at this exciting inflection point and lead the company to its next level of growth.”
CVC partner Jason Glass added, “CVC is incredibly pleased to bring on Mo as the new CEO of Skybox and to continue our long-standing financial support of the company. Skybox is the cornerstone of the security infrastructure of hundreds of the largest enterprises around the globe. With its new SaaS platform, Skybox Cloud, the company is well positioned for significant market growth.
“Mo brings a wealth of knowledge and a track record of success in leading cybersecurity and SaaS companies, and we have every confidence that he will lead Skybox to its next level of long-term growth and profitability.”
Skybox’s SaaS-based security posture management platform offers complete visibility, analytics and automation. Through this, clients can quickly map, prioritise and remediate vulnerabilities across the organisation.
In other CyberTech news, cyber awareness platform Riot recently raised $12m for its Series A round. The company offers interactive courses that teach employees about cybersecurity.
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