Dive Brief:
- Google Capital has added $25 million to Internet security company Zscaler’s Series D funding, which now totals $110 million.
- Zscaler says it will use the money to support global expansion and scale its cloud-based platform to meet the demands of cloud computing, mobile devices, and the Internet of Things.
- The Silicon Valley-based company helps more than 15 million users prevent more than 100 million security threats every day, including companies such as United Airlines, Humana, and NBC.
Dive Insight:
Google Capital is investing heavily in Internet security, adding $25 million to the latest funding round for Zscaler, a cloud-based cybersecurity firm this week, and $100 million to Series C funding for CrowdStrike, a similar company offering cyberattack detection and protection. The Series D funding places Zscaler firmly in the “unicorn” category of tech companies with a valuation of more than a $1 billion.
“We are big believers in the two unstoppable technology trends that Zscaler is riding—the rise of mobile computing and the evolution from point solutions hosted on-site to integrated cloud platforms,” Gene Frantz, partner at Google Capital, said in a statement. “We’re thrilled to support Zscaler on their journey to make the cloud safer, which is essential for companies and great for the Internet overall.”