ThreatLocker raises USD $115m for global expansion of Zero Trust security

ThreatLocker, a global player in cybersecurity offering a Zero Trust endpoint security solution, has raised USD $115 million in a Series D funding round. The round was spearheaded by existing investor General Atlantic, with significant contributions from StepStone Group and the D. E. Shaw group.

The inflow of capital will enable ThreatLocker to drive product innovation, extending the reach of Zero Trust security to more organisations while fuelling the firm's global expansion. ThreatLocker's cybersecurity solutions offer organisations a robust Zero Trust approach, providing enterprise-level server and endpoint security by restricting untrusted software like ransomware, scripts, and libraries. This is achieved through a range of capabilities, including Default Deny Application Control, Ringfencing, Storage Control, Privileged Access Management, Network Access Control, and its new Endpoint Detection & Response (EDR) and Managed Detection & Response (MDR) solutions.

The firm staunchly believes that its customers should maintain total control over their network and devices and be aware of any potential threats to their stack, eradicating the continuous fear of a prospective cyberattack. Equipped with a powerful security suite, ThreatLocker affords organisations stringent control over applications running on their endpoints. As a result, its customers can operate confidently and be assured of robust protection against myriad cyber threats, including unknown malware, ransomware, and both known and previously unidentified vulnerabilities.

Danny Jenkins, CEO of ThreatLocker, remarks, "ThreatLocker has made a significant impact in the industry in establishing a least-privilege approach over recent years, introducing new EDR and MDR products suiting our customers' needs within a single cybersecurity platform."

Jenkins added that this new capital would facilitate the development of Zero Trust (ZT) products and boost ThreatLocker's market presence both domestically and internationally. He expressed enthusiasm over the continued partnership with General Atlantic and new alliances with StepStone Group and the D. E. Shaw group, drawing on their extensive expertise in marketing products and scaling technologically disruptive businesses.

Sami Jenkins, COO of ThreatLocker, echoed these sentiments while noting that the new investment follows a year of exponential growth for the company, which doubled its revenue and expanded its workforce by half in that period. Today, ThreatLocker collaborates with thousands of partners, providing protection for over 50,000 organisations, including many financial institutions, healthcare bodies, and airlines such as Emirates and JetBlue Airways.

Corroborating this, Gary Reiner, Operating Partner at General Atlantic, stated, "ThreatLocker effectively takes the guesswork out of threat detection with its Zero Trust approach. As companies of all sizes increasingly focus on filling in gaps in their security stacks, Zero Trust is becoming a necessity, and we view ThreatLocker as an emerging leader in this paradigm shift. We are thrilled to further our partnership with the team to accelerate ThreatLocker's growth as an endpoint security disruptor."