Security solution Monarx scores $6.1m in funding raise


Monarx, a security solution for web hosting, has bagged $6.1m in a recent funding round headed by Signal Peak Ventures.

The round was led by Signal Peak and also saw participation from Kickstart Fund, Pelion Venture Partners and Crosscut Ventures.

Founded in 2017, Utah-based Monarx protects web environments against attack. The firm’s cloud-delivered server protection provides continuous real-time malicious script detection and proactive prevention along with an integrated hunting and remediation engine.

Monarx’s solution hardens servers and applications reducing the attack surface, by providing actionable intelligence about web security posture based on real world best practices. Monarx claims it is leading the way in non-signature-based post-exploit prevention.

The CyberTech firm said it will use the newly raised capital to help it further fuel partner growth.

Monarx CEO Jeremy Warren said, “I’m excited to have Ben joining our team, as he brings tremendous experience and credibility in cybersecurity. These are challenging times for a lot of technology companies, but I’m proud that we’ve been able to keep growing successfully by focusing on solving core problems and driving concrete value for our hosting partners.

“Thanks to Ben and all of Signal Peak for recognizing what we’ve built and choosing to join us as we continue on our mission to secure the world’s websites.”

Rapid7, a cloud risk and threat detection firm, has recently acquired CyberTech firm Minerva Labs for an undisclosed fee.

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