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ThreatLocker raises USD 100 million in Series C funding
Next-gen Cybersecurity
Apr 19, 2022
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Next-gen Cybersecurity

Next-gen Cybersecurity

Apr 19, 2022

ThreatLocker raises USD 100 million in Series C funding

Funding

  • ThreatLocker, an endpoint protection startup, has raised USD 100 million in a Series C funding round, led by General Atlantic, with participation from Elephant VC and Arthur Ventures. ThreatLocker’s total funding now stands at nearly USD 125 million.

  • The funds will be utilized to accelerate product innovation, hire 300 employees by 2022, expand its Central Florida office footprint from 24,000 sq.ft to 41,000 sq.ft in the next few weeks, and fuel global expansion.

  • In 2021, ThreatLocker quadrupled its revenue and employee base to a headcount of 140 at present. The company counts thousands of partners and serves over 23,000 organizations that include major healthcare institutions, banks, and airlines. The company expects to reach unicorn valuation in 2022 after its valuation increased by 500% and business growth rose by 540% in 2021. It also expects to add 700 new managed service providers (MSPs) this month, and 3,000 more MSPs by 2022.

  • ThreatLocker is currently beta-testing its network access control solution and expects to expand its platform with additional capabilities in 2022. The company also reported that 30% of MSPs deployed the product after its web demo and 80% implemented it after conducting internal trials on the product.

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