GV, the corporate venturing unit formerly known as Google Ventures, led a $30m series C round for US-based enterprise security technology provider Skyport Systems yesterday.
Intel Capital and Cisco Investments, the respective corporate venturing subsidiaries of chipmaker Intel and networking technology producer Cisco, also took part in the round, which was filled out by Thomvest Ventures, Northgate Capital, InstantScale, Index Ventures and Sutter Hill Ventures.
Skyport provides IT architecture that helps enterprises secure their data and applications, protecting against cyberattacks and giving total visibility into all traffic and administrative changes.
The round brought the company’s overall funding to $67m, and follows a $30m round in April 2015 backed by Intel Capital, Index Ventures and Sutter Hill, the latter of which took part as an existing investor.
Skyport, which will use the latest cash injection to expand its sales and marketing and enhance research and development, has not disclosed details of its earlier financing.
Rob Salvagno, head of Cisco Investments, said: “Skyport’s SkySecure platform has met with an exceptional response since becoming generally available in 2015.
“As technology megatrends like cloud computing and the internet of things continue to escalate interconnection vulnerabilities, and as hackers evolve in tandem, the benefits of Skyport’s hybrid approach to locking down critical data assets are increasingly obvious.
“We believe SkySecure is and will remain at the forefront of intelligent defensive security solutions.”