ThreatLocker, an Orlando, Florida-headquartered cybersecurity firm, has successfully completed a $115m Series D funding round.
The round was spearheaded by existing investor General Atlantic, a prominent global growth equity firm, with additional backing from StepStone Group and the D. E. Shaw group. This new capital injection is earmarked for driving product innovation and accelerating the company’s global expansion efforts.
ThreatLocker is committed to enhancing IT security for organisations by implementing a robust Zero Trust cybersecurity approach. Their product suite is designed to provide comprehensive server and endpoint protection by preventing untrusted software from operating. This includes blocking ransomware, scripts, and potentially exploitative application vulnerabilities.
Through features like Default Deny Application Control, Ringfencing™, Storage Control, and Network Access Control, alongside newer Endpoint Detection & Response (EDR) and Managed Detection & Response (MDR) solutions, ThreatLocker aims to furnish enterprises with unparalleled control over their network security.
The funding will be utilised to further refine these security solutions, enhancing the efficacy of Zero Trust frameworks within ThreatLocker’s product offerings. As part of their strategy, the company plans to both refine its existing tools and introduce new products to better serve a growing global clientele.
Moreover, the past year has been marked by significant growth for ThreatLocker, with the company doubling its revenue and increasing its workforce by 50%. Today, the firm boasts thousands of partners and offers protection to over 50,000 organizations, including prominent enterprises and Managed Service Providers that serve critical sectors like finance, healthcare, and aviation.
On the funding round, ThreatLocker CEO Danny Jenkins remarked, “ThreatLocker has made a huge impact in the industry in driving a least-privilege approach forward over the last few years and has introduced new EDR and MDR products within a single cybersecurity platform for our customers.
“We believe this new injection of capital will enable us to continue to develop Zero Trust products and grow ThreatLocker’s market presence. We are very excited to be partnering again with General Atlantic, as well as with new investors, StepStone Group & the D. E. Shaw group, and look forward to leveraging their teams’ deep experience in bringing products to market and scaling technologically-disruptive businesses.”
Gary Reiner, Operating Partner at General Atlantic, also shared, “ThreatLocker effectively takes the guesswork out of threat detection with its Zero Trust approach. As companies of all sizes increasingly focus on filling in gaps in their security stacks, Zero Trust is becoming a necessity – and we view ThreatLocker as an emerging leader in this paradigm shift. We are thrilled to further our partnership with the team to accelerate ThreatLocker’s growth as an endpoint security disruptor.”
Previously, ThreatLocker had successfully raised capital in multiple funding rounds, reflecting its continuous growth and investor confidence in its innovative approach to cybersecurity.
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