Menlo Security offers cloud security products, such as Secure Web Gateways (SWGs) and Cloud Access Security Brokers (CASBs), for enterprises to protect access to their cloud environments. These products act as layers between the user and network traffic, utilizing sandboxing technology to render web pages independently as opposed to loading everything onto user devices, thereby blocking any malicious activity before it reaches enterprise resources. Menlo's offerings include features to assign access controls to enterprise SaaS applications, along with data loss prevention (DLP) capabilities, phishing protection, and download controls.
As of November 2020, the company reported an increase in revenue by 155% year-over-year (YoY) with its average deal value doubling YoY. As of November 2020, the company employed 235 staff.
In November 2020, the company raised USD 100 million in Series E funding at a valuation of USD 800 million. Vista Equity Partners led the round, and the company expects to use the funding to accelerate product development and increase its engineering and marketing capabilities. The company also plans to expand to countries such as Japan, Singapore, and the UK across industries in demand such as financial services, critical infrastructure, healthcare, and government sectors.
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