Total amount raised
$70 Millions
Latest funding date
6/1/2022
Location
AppOmni has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in SaaS security, offering solutions to prevent data breaches and ensure compliance.
Keep reading to explore the intricacies of AppOmni's fundraising journey and the investors backing this innovative platform.
What Is AppOmni?
AppOmni, founded in 2018, is headquartered in San Francisco, California. The company was established by Brendan O'Connor and Brian Soby.
Specializing in SaaS security, AppOmni provides tools for data access visibility, management, and security. Their platform ensures that organizations can protect and monitor their entire SaaS environment.
With a team of 101-250 employees, AppOmni leverages patented technology to scan APIs, security controls, and configuration settings, ensuring data security and compliance.
How Much Funding Has AppOmni Raised?
- Seed Round
- Amount Raised: $3M
- Date: April 2019
- Lead Investors: Costanoa Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and build the core team.
- Series A
- Amount Raised: $10M
- Date: January 2020
- Lead Investors: ClearSky
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the product and expand the customer base.
- Series B
- Amount Raised: $40M
- Date: April 2021
- Lead Investors: Scale Venture Partners
- Valuation at Round: $200M
- Motivation Behind the Round: To support the company's growth and development.
- Series C
- Amount Raised: $70M
- Date: June 2022
- Lead Investors: Thoma Bravo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue international growth and further develop the platform.
- Venture Round
- Amount Raised: Not disclosed
- Date: August 2022
- Lead Investors: Cisco Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and technological advancements.
- Series C
- Amount Raised: Not disclosed
- Date: December 2022
- Lead Investors: The Syndicate Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To solidify market position and accelerate growth.
Total Amount Raised: $123M. Current Valuation: Not publicly disclosed.
Key Investors
- Thoma Bravo
- Details: Thoma Bravo is one of the largest private equity firms in the world, managing over $114 billion in assets. They focus on investing in and growing software and technology-enabled services companies.
- Investment Focus Areas: Software, technology-enabled services.
- Notable Investments: SolarWinds, McAfee, Barracuda Networks.
- Scale Venture Partners
- Details: Scale Venture Partners is a venture capital firm that invests in early-in-revenue technology companies. They focus on companies that are scaling their business and have a proven product-market fit.
- Investment Focus Areas: SaaS, cloud computing, digital health.
- Notable Investments: Box, DocuSign, HubSpot.
- Salesforce Ventures
- Details: Salesforce Ventures is the global investment arm of Salesforce, focusing on enterprise cloud companies that extend the power of the Salesforce platform. They aim to create the world’s largest ecosystem of enterprise cloud companies.
- Investment Focus Areas: Enterprise cloud companies.
- Notable Investments: Zoom, Twilio, Snowflake.
- ClearSky
- Details: ClearSky is a venture capital and growth equity firm that invests in innovative companies in the technology, energy, and security sectors. They focus on providing technology solutions for cybersecurity, industrial security, and critical infrastructure.
- Investment Focus Areas: Cybersecurity, industrial security, critical infrastructure.
- Notable Investments: Dragos, Verodin, CloudKnox.
- Costanoa Ventures
- Details: Costanoa Ventures is an early-stage venture capital firm that invests in enterprise software companies. They focus on helping founders build and grow their businesses.
- Investment Focus Areas: Enterprise software, fintech, data infrastructure.
- Notable Investments: Alation, Intacct, Quizlet.
What's Next for AppOmni?
AppOmni stands at the cusp of significant growth opportunities, driven by the increasing demand for SaaS security solutions. With the global SaaS market projected to reach $176.6 billion, the company is well-positioned to expand its customer base and enhance its platform to support more integrations and custom apps. The recent $70 million Series C funding will fuel international growth and further product development, ensuring AppOmni remains a leader in securing SaaS applications.
Future fundraising rounds seem likely, given the company's triple-digit growth and strong investor confidence from firms like Thoma Bravo and Salesforce Ventures. However, AppOmni will need to navigate challenges such as intense competition from other security providers and the rapidly evolving cybersecurity landscape. Maintaining high customer satisfaction and retention rates will be crucial as the company scales its operations and enters new markets.
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