Total amount raised
$170.7 Millions
Latest funding date
Location
Zscaler has successfully raised significant funding over multiple rounds, securing backing from notable investors such as Employee Stock Option Fund and EquityZen. The company offers a comprehensive cloud-based security platform that enables secure digital transformation for mobile and cloud environments.
Keep reading to delve into the details of Zscaler's funding journey and the key investors supporting this innovative cybersecurity leader.
What Is Zscaler?
Zscaler, founded in 2008 by Jay Chaudhry and Kailash Kailash, is headquartered in San Jose, California. The company specializes in cloud-based information security, providing a comprehensive Security as a Service platform.
With a workforce of 5001-10000 employees, Zscaler offers solutions such as secure web gateways, next-generation firewalls, and advanced threat protection. Their services are entirely cloud-delivered, eliminating the need for on-premise hardware.
Zscaler's platform is utilized by over 5,000 organizations, including 50 of the Fortune 500, protecting more than 13 million users worldwide.
How Much Funding Has Zscaler Raised?
- Series A
- Amount Raised: $38M
- Date: August 2012
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and expand their cloud-based security platform.
- Series B
- Amount Raised: $110M
- Date: August 2015
- Lead Investors: TPG Growth
- Valuation at Round: Over $1B
- Motivation Behind the Round: To accelerate investment in technology and scale the business.
- Secondary Market
- Date: November 2017
- Investor Count: 3
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Post-IPO Equity
- Amount Raised: $22.7M
- Date: April 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational expansion.
Total Amount Raised: $170.7M. Current Valuation: Over $1B.
Key Investors
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a global venture capital firm that focuses on early-stage investments. They have a strong track record of supporting innovative technology companies.
- Investment Focus Areas: Enterprise, consumer, health, fintech.
- Notable Investments: Snapchat, Nest, GrubHub.
- TPG Growth
- Details: TPG Growth is the middle market and growth equity investment platform of TPG, a leading global private investment firm. They specialize in growth capital investments.
- Investment Focus Areas: Technology, healthcare, consumer products, business services.
- Notable Investments: Airbnb, Uber, Spotify.
- EMC
- Details: EMC, now part of Dell Technologies, was a leading provider of data storage, information security, and cloud computing solutions. They have a history of strategic investments in technology.
- Investment Focus Areas: Data storage, cloud computing, information security.
- Notable Investments: VMware, Pivotal, RSA Security.
- Employee Stock Option Fund
- Details: The Employee Stock Option Fund provides liquidity solutions for employees holding stock options in private companies. They help employees monetize their stock options before an IPO or acquisition.
- Investment Focus Areas: Employee liquidity, private companies, stock options.
- Notable Investments: Specific notable investments are not publicly disclosed.
- EquityZen
- Details: EquityZen is a platform that connects shareholders of private companies with investors seeking alternative investments. They facilitate secondary market transactions for private company shares.
- Investment Focus Areas: Secondary market transactions, private company shares, alternative investments.
- Notable Investments: Specific notable investments are not publicly disclosed.
What's Next for Zscaler?
As Zscaler looks to the future, the opportunities are vast. The company is poised to expand its client base significantly, leveraging its cloud-based model to attract businesses of all sizes. With the cybersecurity industry rapidly growing, Zscaler's comprehensive platform is well-positioned to meet the increasing demand for secure digital transformation.
Future fundraising efforts could be on the horizon to support this growth, especially as Zscaler remains open to potential acquisitions that align with its strategic goals. However, the company will need to navigate challenges such as intense competition and the ever-evolving landscape of cyber threats. Maintaining innovation and high standards of security will be crucial as Zscaler continues to scale its operations globally.
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