Zscaler Gets $100 Million in Funding

Cloud security company Zscaler announced the closing of a new $100 million investment round led by TPG. That firm, as well as existing investors EMC and Lightspeed Ventures all contributed to the funding round.
As quoted in the press release:

TPG’s investment will come from TPG Growth, the firm’s middle-market fund with more than $7 billion in assets under management and committed capital, and a focus on emerging technologies, industries and markets. The fund has invested in, and helped strengthen companies from Uber to Domo, leveraging TPG’s global platform. TPG is focused on finding and investing in companies that are looking for a long-term partner in growth, and which are a match for its global network and toolkit of industry- and geography-specific experts. UBS Financial Services acted as financial advisor to TPG for the transaction.

Zscaler CEO, Jay Chaudhry, said:

Our mission is to make the Internet safe for business by delivering an amazing security platform that protects our clients and enables the strategic adoption of cloud computing, mobile devices and the Internet of Things. The investment and partnership from TPG and the global relationships and experience they provide will enable us to accelerate investment in our technology, grow our customer base and aggressively scale our business to meet growing demand. We are excited to join an elite group of security companies valued in excess of $1 billion.

Click here for the full press release.