Zenedge just raised $6.2 million in Series C funding, led by Pilot Growth Equity. Additional funds come from Zoho Corporation and existing investors TELUS Ventures and Yehuda Neuberger.
Founded in 2014, Zenedge is a leading provider of cloud-based, artificial intelligence, driven Web Application Firewall (WAF) and Distributed Denial of Service (DDoS) cybersecurity Infrastructure-as- a-Service (IaaS) provider.
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The company leverages patent-pending deep machine-learning capabilities to detect anomalies, dynamically alter security postures, and initiate auto-mitigation and automatic routing with minimal to zero human intervention. This allows the company to provide better cybersecurity and faster time to mitigation than traditional cloud and on-premise cybersecurity vendors, ultimately resulting in less and shorter business interruptions, while helping reduce operational costs.
The $6.2 million financing will be used to fund Zenedge's continued global expansion, sales and marketing activities and for further investment in its patent-pending technology.
“ZENEDGE has rapidly established a significant leadership position in the fast growing, high demand cloud cybersecurity space," William Lee, co-founder and managing director at Pilot Growth, said in a press release. "Pilot Growth is honored to partner with ZENEDGE and we look forward to working closely with their outstanding management team and board to maximize the company's potential."
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.