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Guardicore Raises $60 Million; Continues to Build Momentum in Cloud and Data Center Security

Led by New Investor Qumra, Funding Fuels Company Growth and Continued Disruption in Firewall and Data Center Markets

Boston, Mass. and Tel Aviv, Israel – May 21, 2019 – Guardicore, a leader in internal data center and cloud security, today announced it has raised $60 million in Series C funding, bringing the company’s total funding to $110 million. This more than doubles the total capital raised to date and represents an endorsement of Guardicore’s current momentum as the company continues to disrupt the broader firewall and data center markets.

“Any organization has critical IT assets that need to be secured. Our distributed, software-defined segmentation solution is the simplest way to secure these assets whether they reside in the cloud or on premises. The days of being chained to legacy firewalls are over,” said Pavel Gurvich, CEO and co-founder of Guardicore.  

New investor Qumra Capital led the round and was joined by other new investors DTCP, Partech, and ClalTech, Access Industries’ vehicle for Israeli technology investments. Existing investors Battery Ventures, 83North, TPG Growth, and Greenfield Partners also participated in the round. Guardicore will leverage the funds to fuel continued growth and accelerate investments in sales, marketing and customer service as it seeks to expand delivery of its Guardicore Centra security platform to enterprise organizations seeking to protect dynamic data center and cloud infrastructure environments. Ram Metser, Executive Chairman of Segterra, Inc., an innovative digital health analytics company, and former CEO of Guardium, Inc., a dominant database security company acquired by IBM, also joined the Guardicore board of directors.

Continued Gurvich, “Since our last round of funding, we have successfully been able to articulate our vision and demonstrate that the market is ripe for disruption. With consistent revenue growth the past three years and large-scale deployments with numerous Fortune 500 customers, we have proven that our product is more intuitive, flexible, and makes security easier to apply than traditional firewall technology currently being used to protect internal and cloud infrastructure. We are displacing incumbent players and newcomers alike as we strive to help our enterprise customers quickly secure their business-critical applications and data, reduce the cost and burden of compliance and secure cloud adoption.”

“Deutsche Bank is committed to the highest standards of security and a high priority for us is implementing tight network segmentation in our on-premise and cloud environments. Guardicore gives us an effective way to protect our critical assets through segmentation,” said Alan Meirzon, Director, Chief Information Security Office at Deutsche Bank, a Guardicore customer.

“Guardicore is changing the way enterprises approach data center security with modern segmentation capabilities that overcome the inherent inefficiencies of traditional techniques and results in stronger security for enterprise environments,” said Boaz Dinte, founding partner of Qumra Capital, investing in exceptional late-stage companies. “Guardicore is disrupting the market and is well positioned to capitalize on the broader opportunities this presents. We were compelled to invest as the lead in this round because we believe Guardicore will play a critical role in shaping the future of enterprise security, helping organizations better protect vital systems and data as we evolve our digital information society.”

“Guardicore is led by an exceptionally strong team with deep tech know-how and has demonstrated consistent growth and momentum since inception. With wide-spread adoption of distributed and hybrid infrastructures, we need a new paradigm for enterprise security outside of classic perimeters,” said Irit Kahan, Managing Director at DTCP, a global investment platform with c. $1.7 billion assets under management from Deutsche Telekom and other institutional investors. “The company’s unique market positioning and attractive roster of customers across the US and Europe, including some of the largest Fortune 500 names, have validated the value and scale of Guardicore’s approach and strong capabilities.”

Guardicore protects data centers of large and mid-sized enterprises across North America, South America, and EMEA in financial, healthcare and retail industries, including global, blue-chip brands.

About Guardicore

Guardicore is a data center and cloud security company that protects your organization’s core assets using flexible, quickly deployed, and easy to understand micro-segmentation controls. Our solutions provide a simpler, faster way to guarantee persistent and consistent security — for any application, in any IT environment. For more information, visit www.guardicore.com.

Guardicore Raises $60 Million; Funding Fuels Company Growth and Continued Disruption

Today I am excited to share that we have secured a Series C funding round of $60 million, bringing our total funding to more than $110 million. The latest round was led by Qumra Capital and was joined by other new investors DTCP, Partech, and ClalTech. Existing investors Battery Ventures, 83North, TPG Growth, and Greenfield Partners also participated in the round.

Since we launched the company in 2015, Guardicore has been focused on a single vision for providing a new, innovative way to protect critical assets in the cloud and data center. Our focus, and our incredible team, has earned the trust of some of the world’s most respected brands by helping them protect what matters most to their business. As the confidence our customers have in us has grown, so has our business, which has demonstrated consistent year-over-year growth for the past three years.

Our growth is due to our ability to deliver on a new approach to secure data centers and clouds using distributed, software-defined segmentation. This approach aligns with the transformation of the modern data center, driven by cloud, hybrid cloud, and PaaS adoption. As a result, we have delivered a solution that redefines the role of firewalls and implementing Zero Trust security frameworks. More dynamic, agile, and practical security techniques are required to complement or even replace the next-generation firewall technologies. We are delivering this and give our customers the ability to innovate rapidly with the confidence their security posture can keep up with the pace of change.

Continued Innovation

The movement of critical workloads into virtualized, hybrid cloud environments, industry compliance requirements and the increase of data center breaches demands a new approach to security that moves away from legacy firewalls and other perimeter-based security products to a new, software-defined approach. This movement continues to inspire our innovations and ensure that our customers have a simpler, faster way to guarantee persistent and consistent security — for any application, in any IT environment.

Our innovation is evident in several areas of the company. First, we have been able to quickly add new innovative technology into our Centra solution, working in close partnership with our customers. For example, we deliver expansive coverage of data center, cloud infrastructure and operating environments, and simpler and more intuitive ways to define application dependencies and segmentation policies. This gives our customers the right level of protection for critical applications and workloads in virtually any environment.

Second, our Guardicore Labs global research team continues to provide deep insights into the latest exploits and vulnerabilities that matter to the data center. They also equip industry with access to open source tools like Infection Monkey, and Cyber Threat Intelligence (CTI) that allows security teams to keep track of potential threats that are happening in real time.

We have also continued to build out other areas of our business, such as our partner ecosystem, which earned the five-star partner program rating from CRN since its inception two years ago, as well as our technology alliances, which include relationships with leading cloud / IaaS infrastructure players such as AWS, Azure, and Nutanix.

Looking Ahead

We are proud of our past, but even more excited about our future. While there is always more work to do, we are in a unique position to lead the market with not only great technology, but a strong roster of customers, partners and, most importantly, a team of Guardicorians that challenge the status quo every single day to deliver the most innovative solutions to meet the new requirements of a cloud-centric era. I truly believe that we have the best team in the business.

Finally, as we celebrate this important milestone, I want to say thanks to our customers who have made Guardicore their trusted security partner. It is our mission to continue to earn your trust by
ensuring you maximize the value of your security investments beyond your goals and expectations.

GuardiCore Extends Series B Funding Round to $35 Million Adding TPG Growth as a New Investor

Funding to Accelerate Growth in Large Enterprise Accounts and Expand Further into Global Markets

San Francisco, CA and Tel Aviv, Israel – GuardiCore, a leader in internal data center and cloud security, today announced that the company has raised an additional $15 million as an extension to its Series B funding round. This brings the company’s total funding raised to date to $48 million. The additional investment was led by TPG Growth, the middle market growth equity platform of alternative asset firm TPG, and Greenfield Partners, a TPG-Growth backed company based in Israel that focuses on investing in early growth-stage global technology and tech-enabled businesses. Existing investors include Battery Ventures, 83North, Cisco Investments and Dell Technologies Capital.

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