Pathlock, an app security platform provider, announced today that it has raised $20M in funding to further develop its software-defined security platform. With this new influx of capital, Pathlock hopes to continue expanding its existing products and services and add new features and capabilities.
This article will provide an overview of the Pathlock platform, discuss the company’s $20M funding, and discuss the implications for the app security industry.
App security platform provider Pathlock raises $20M
Pathlock is a software platform that enables organisations to access and manage secure applications, accounts and personal data, helping them protect their valuable assets. Founded in 2015, the company has quickly gained prominence amongst large businesses, with over 100 Fortune 500 using Pathlock to safeguard their resources. Pathlock recently announced a $20M Series A funding round from Accel Partners and Sequoia Capital.
Headquartered in San Jose, Pathlock’s user base spans all industries including financial services, healthcare, retail and technology. By allowing users to manage digital identities for internal stakeholders easily and securely, Pathlock helps companies automate employee onboarding processes, centrally manage access rights across multiple systems and ensure compliance with security requirements. In addition to its core product suite, the company provides various tools for governance & compliance such as risk assessment capabilities & real-time policy management features.
The new influx of funding will expand the Pathlock platform’s current capabilities and fund top-of-the-line security measures. It will also allow the company to broaden its reach by pursuing new markets and customers globally. With this latest capital injection, it is estimated that Pathlock is valued at approximately $90M after closing its Series A funding round. With its fresh capital in two and a successful C round this fall, it appears Pathlock has taken an important step towards solidifying itself as an industry leader in IT security solutions.
Funding Details
Security company in Chicago IL, provides a comprehensive range of services to businesses, organizations and private individuals. With more than fifteen years’ experience providing on-site security solutions to the Chicago area, we take pride in offering the best security solutions available. We offer services ranging from private parties and events to corporate and retail establishments.
Pathlock, an app security platform provider, has recently announced that it has raised $20M in a Series A funding round. A global group of investors joined the round led by SoftBank Ventures Asia. This funding is going to help Pathlock accelerate its development of its secure cloud platform for apps.
Let’s take a closer look at the funding details:
Who are the investors?
Pathlock is thrilled to announce that it has raised $20M in a Series A funding round. Pathlock, a developer of a tool for protecting cloud data, received the investment from leading venture capital firms Greylock Partners, Aera VC and cybersecurity investments collective Cyberstarts.
Greylock Partners, founded in 1965 and based in Silicon Valley and Boston with an office in Tel Aviv, is one of the world’s most-respected venture capital firms. Over the years, they have invested in some iconic companies that power the digital economy such as Airbnb, Dropbox, LinkedIn and Workday.
Aera Venture Capital invests primarily in innovative early-stage tech startups with massive growth potential. Leading this funding round was Moucharaf Coulibaly who brings experience from Sixeo Ventures Africa where he manages their activities across Ghana, Nigeria and Ivory Coast.
Cyberstarts is a private collective investing in cybersecurity products globally from early-stage startups to mature stage series C rounds. It features participation from top industry leaders such as Alex Ferrara (Partner at USV), Elad Dantziger (Partner at Bessemer Ventures), Stacey Minkin (Senior Managing Director at TenEleven Ventures), Mark Flynn (Former MD at Area Capital).
What is the purpose of the funding?
The purpose of this most recent round of funding is to propel the growth of Pathlock’s existing products and services, as well as driving the development of new ones. The money will be invested in several areas, including product development, customer acquisition and expansion into new global markets.
Pathlock, a cloud-based data security platform, provides an innovative approach to securing sensitive data in an automated manner. The platform offers tools and capabilities for authentication, authorization and audit trail maintenance – helping organisations meet their compliance requirements for managing the most confidential information.
By receiving a $20 million funding round from venture capitalists and private equity groups, Pathlock plans to scale its already successful product offering, expand its customer base within existing international markets, and launch into new ones. Additionally, this additional capital will provide resources for talent recruitment and advance research efforts behind AI-driven features within the platform itself.
Pathlock’s Growth
Pathlock, an app security platform provider, has recently raised $20M in Series A funding, allowing them to expand their operations and pursue their vision in the industry. This is yet another success story for the tech start-up, which began as a small company with a bold idea to revolutionise how we secure our data.
This latest round of funding will aid them in deepening their foothold in the competitive market.
What has Pathlock achieved since its founding?
Since its launch in 2016, Pathlock has become a leading provider of endpoint security solutions. By combining a secure technology stack with an innovative culture, the company has seen growth in key areas, such as customer satisfaction, market share and employee headcount.
Pathlock’s patented approach to data security focuses on keeping both organisations and their customers safe from threats through their endpoint protection platform. It is designed for small and large businesses, helping them secure access points across their networks. As of today, Pathlock works to protect over one million endpoints worldwide.
In addition to offering premier endpoint security solutions, Pathlock has also built a reputation for delivering cutting-edge cloud-based technologies. By leveraging advanced automation tools and capabilities such as machine learning, they have provided comprehensive cybersecurity services at the fraction of traditional costs. The company also offers services in encryption management, threat monitoring and compliance auditing.
Pathlock’s success has been highlighted by multiple awards including ‘Best Endpoint Security Solution’ from computing & SC Magazine Reviews and being named as CIO/CSO Magazine’s ‘Rising Star of 2018’ among other recognitions. In 2020 alone they have closed a $20M funding round backed by leading investors such as Greylock Partners, Kleiner Perkins and Bessemer Venture Partners enabling the company to look towards future investments into product development down feather road. With that capital injection PathLock recently announced expanding the EMEA (Europe, Middle East, Africa) footprint significantly with new products slated for launch throughout 2021.
What are Pathlock’s plans for the future?
Pathlock, an innovative security platform, recently announced that it has raised a new round of $20M in funding. The company plans to use the funds to further its mission of secure, connected healthcare experiences. Pathlock’s technology enables secure sharing and collaboration across healthcare entities and partners without sacrificing data privacy.
In addition to integrating its solution within the healthcare space, Pathlock has plans to expand into other industries such as retail, banking and finance to provide secure connections between vendors and their customers. Additionally, Pathlock is looking to expand into international markets by leveraging newly acquired funds to increase its global presence.
The company is also developing partnerships with leading tech firms such as Microsoft and Amazon Web Services (AWS) to offer more comprehensive security solutions for businesses looking for end-to-end protection for their customers’ data for greater consumer trust. As part of these partnerships, Pathlock will offer cloud storage security software development kits (SDKs) for integration with existing applications for added ease-of-use and connectivity between different system components.
Overall, Pathlock is set on a promising trajectory thanks to a strong mission focus on delivering secure connections across industries – from health care providers to retail merchants – and a backing of major industry leaders that trust in their innovative technology solutions. With this new funding round secured, it will be interesting to see what the future holds for Pathlock as they continue working towards their planned goals.
Impact of the Funding
Pathlock, an app security platform provider, announced that it has raised $20M in funding. This is a major milestone for the company as it plans to use the funding to further enhance its security platform and expand its reach.
This round of funding will significantly impact Pathlock’s growth and operations, and will help cement its position as a leader in the app security space.
How will the funding help Pathlock?
Pathlock Technologies, a provider of advanced IT security solutions, has announced its recent $20 million funding round led by Insight Partners. This investment will help Pathlock to expand its business and accelerate the development of its next-generation application security technology.
The company plans to use this new capital to enhance its products and services, increase customer engagement and satisfaction, and strategically expand into new markets. Additionally, Pathlock will employ the funds to further strengthen research & development efforts in integrations such as cloud operations, asset discovery systems, access control & authentication solutions, configuration defence layers and more.
Pathlock’s mission is to protect enterprises from threats within their IT infrastructure. Through automation and AI-based technology, Pathlock empowers companies to defend applications quickly and effectively via automated real-time threat protection; secure privileged accounts; mitigate risks due to inadequate passwords/credentials; detect security incidents as soon as they occur; prevent malicious insiders from entering systems; and monitor access points pre & post application deployment or upgrades. With the new funding in place, Pathlock is confident they can increase their outreach while providing the highest data protection available within IT infrastructure solutions.
How will the funding impact the app security industry?
The $20M Series B funding raised by Pathlock will significantly impact the app security industry. The startup, which provides an innovative authorised access solution to secure web accounts and other forms of digital access, has tackled key security challenges with its patent-pending technology. With the fresh funding, Pathlock can build out its platform for further expansion and attract new customers—including large, enterprise clients—by driving increased market awareness.
In addition to increasing product innovation and development at Pathlock, the influx of capital will likely drive overall app security growth. As a result, competitors may be prompted to develop new features or even acquire smaller firms that can contribute novel technologies, making this segment even more competitive in the coming years.
The $20M also creates wider opportunities for venture capitalists looking for cybersecurity startups to back. As Pathlock proves itself a wise investment, more investors may explore avenues in this little-explored field, potentially driving a threefold increase in venture capital flows in the sector over the coming years. Ultimately, these factors combine to form a vibrant ecosystem that could lead to significant changes within the app security industry.
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