Securonix announced on February 15, 2022, that it had received a growth investment of more than $1 billion led by Vista Equity Partners. Volition Capital and Eight Roads Ventures also participated. The announcement did not disclose a company valuation, ownership percentages, or the investment’s detailed structure.
Who invested in Securonix?
Vista Equity Partners led the investment announced February 15, 2022. Securonix named Volition Capital and Eight Roads Ventures as participants in that initial announcement. Securonix’s announcement described the amount as more than $1 billion; it did not specify a definitive aggregate total across investors.
On April 28, 2022, Securonix said four strategic investors had joined the previously announced investment: Capital One Ventures, Snowflake Ventures, Verizon Ventures, and Wipro Ventures. The later announcement also did not state a final combined investment total.
What did Securonix say it would do with the funding?
The company said the capital would help it respond to customer demand, continue growing, and develop its products. Its stated plans included hiring senior talent in engineering, cloud operations, threat labs, sales, and marketing. CEO and co-founder Sachin Nayyar also cited continued development of the security analytics platform and extending capabilities to application, operational technology (OT), and Internet of Things (IoT) environments.
#1 Best Overall
These were management’s intentions at the time of the announcement; the releases do not establish which plans were completed or what results followed. Nayyar said the funding would help the company “accelerate investments in these areas” and continue providing service to customers. That statement, like the plans themselves, reflects the company’s announcement.
What does Securonix do?
At the time, Securonix described its business as a SaaS security analytics, operations, and response platform serving enterprises and managed service providers. Its stated product areas included:
- SIEM: security information and event management.
- XDR: extended detection and response.
- UEBA: user and entity behavior analytics.
- SOAR: security orchestration, automation, and response.
These are the company’s descriptions of its platform, not an independent assessment of product performance or market position. The 2022 announcement said Securonix served five of the Global Fortune 10.
What growth figures did the company report?
Securonix’s February 2022 release cited the following company-reported figures for the preceding 12 months. The release did not establish that they were independently audited.
Rank #3
| Measure | Figure reported by Securonix |
|---|---|
| SaaS annual recurring revenue (ARR) growth | 100% |
| Year-over-year growth in new managed security service provider (MSSP) logo bookings | 240% |
| Year-over-year employee headcount growth | 100%; more than 1,000 employees worldwide |
What deal details were disclosed?
The public announcements cited here establish the investment’s stated size as more than $1 billion and identify its lead and participating investors. They do not disclose Securonix’s valuation, investor ownership percentages, detailed transaction structure, or a definitive total after the strategic investors joined.
Vista’s portfolio profile for Securonix lists the company as a current portfolio company and gives 2022 as the investment year. The profile identifies Addison, Texas, as Securonix’s headquarters; it does not supply deal terms. Dark Reading also covered the announcement as a more-than-$1-billion growth investment led by Vista: its report.
Quick Recap
Best Value
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
