Skybox Security raises $50M and appoints Mo Rosen CEO

Skybox Security raises $50M and appoints Mo Rosen CEO

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Cybersecurity management platform company Skybox Security Inc. today announced that it has raised $50 million in new funding and has appointed season security expert Mordecai (Mo) Rosen as new chief executive officer.

Including the new round, the company has raised $343.4 million to date, according to data from Crunchbase. It last raised funding in 2017.

Founded in 2002, Skybox offers a cybersecurity management platform that addresses security challenges in large, complex networks. The company’s software-as-a-service-based Security Posture Management Platform delivers visibility, analytics and automation to map, prioritize and remediate vulnerabilities across an organization.

The solution is vendor-agnostic and optimizes security policies, actions and change processes across all corporate networks and cloud environments. Skybox has more than 500 enterprise and government customers using its services, including Proctor & Gamble Co., Vodafone Group plc, Fuji Xerox Co. Ltd., Husqvarna AB, Aon plc and Estee Lauder Inc.

Rosen joins Skybox as CEO with more than 25 years of experience, most recently serving as president and CEO of data loss prevention software company Digital Guardian. His resume includes serving as corporate senior vice president and general manager for security at CA Technologies, now a Broadcom Inc. company.

“I was drawn to Skybox by its disruptive technology platform, blue chip customer base and seasoned cybersecurity team,” Rosen said in a statement. “With our first-to-market SaaS offering, Skybox Cloud, we are well positioned to disrupt both the security policy and vulnerability Management markets with a single integrated SaaS platform.”

The new funding came from J.P. Morgan and existing investors CVC Growth Funds and Pantheon. “Skybox is the cornerstone of the security infrastructure of hundreds of the largest enterprises around the globe,” said CVC partner Jason Glass.

Skybox was in the news in October when it launched its Security Posture Management Platform. The platform integrates, identifies and prioritizes vulnerabilities using threat intelligence, identifies gaps in security controls and automatically provides remediation options.

Image: Skybox Security

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