Cloud-based security solutions provider Securonix told Reuters on Monday it had raised more than $1 billion in a private fundraising round led by private equity firm Vista Equity Partners.
The company - based in Addison, Texas - offers cloud-based cyber security threat detection and response services and it's one of the largest in the category, its co-founder and chief executive Sachin Nayyar said in an interview. "We really believe this is the time for us to invest a lot more," Nayyar said."We want to provide better intelligence and detection within the apps."
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