California and Tel Aviv-based cybersecurity company Skybox has secured $150m in growth equity funding from CVC Capital Partners’ Growth Fund and Pantheon, bringing total investment to $280m. “As well as injecting new capital into the company, some of the existing investors in Skybox, including employees, have sold their holdings.” Skybox uses analytic software to detect and help deal with risk exposure, with government agencies, major global banks and consumer goods manufacturers among its clients. The firm is also working on a new product called the “Cyber Risk Management System” that will be used by financial institutions as well as other companies for managing their cyber risks. The additional funding will be used for mergers and acquisitions, R&D and to buy out existing investors.
California and Tel Aviv-based cybersecurity company Skybox has secured $150m in growth equity funding from CVC Capital Partners’ Growth Fund and Pantheon, bringing total investment to $280m. Skybox uses analytic software to detect and help deal with risk exposure, with government agencies, major global banks and consumer goods manufacturers among its clients. The firm is also working on a new product called the “Cyber Risk Management System” that will be used by financial institutions as well as other companies for managing their cyber risks. The additional funding will be used for mergers and acquisitions, R&D and to buy out existing investors.