Cybersecurity administration platform firm Skybox Security Inc. right now introduced that it has raised $50 million in new funding and has appointed season safety knowledgeable Mordecai (Mo) Rosen as new chief govt officer.

Together with the brand new spherical, the corporate has raised $343.4 million so far, in line with information from Crunchbase. It final raised funding in 2017.

Based in 2002, Skybox affords a cybersecurity administration platform that addresses safety challenges in massive, complicated networks. The corporate’s software-as-a-service-based Safety Posture Administration Platform delivers visibility, analytics and automation to map, prioritize and remediate vulnerabilities throughout a corporation.

The answer is vendor-agnostic and optimizes safety insurance policies, actions and alter processes throughout all company networks and cloud environments. Skybox has greater than 500 enterprise and authorities prospects utilizing its companies, together with Proctor & Gamble Co., Vodafone Group plc, Fuji Xerox Co. Ltd., Husqvarna AB, Aon plc and Estee Lauder Inc.

Rosen joins Skybox as CEO with greater than 25 years of expertise, most lately serving as president and CEO of information loss prevention software program firm Digital Guardian. His resume contains serving as company senior vp and basic supervisor for safety at CA Applied sciences, now a Broadcom Inc. firm.

“I used to be drawn to Skybox by its disruptive expertise platform, blue chip buyer base and seasoned cybersecurity crew,” Rosen stated in a press release. “With our first-to-market SaaS providing, Skybox Cloud, we’re nicely positioned to disrupt each the safety coverage and vulnerability Administration markets with a single built-in SaaS platform.”

The brand new funding got here from J.P. Morgan and current traders CVC Progress Funds and Pantheon. “Skybox is the cornerstone of the safety infrastructure of lots of of the biggest enterprises across the globe,” stated CVC accomplice Jason Glass.

Skybox was within the information in October when it launched its Safety Posture Administration Platform. The platform integrates, identifies and prioritizes vulnerabilities utilizing menace intelligence, identifies gaps in safety controls and mechanically offers remediation choices.

Picture: Skybox Safety

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