Onapsis, a US-based enterprise cybersecurity technology producer that counts oilfield services provider Schlumberger as an investor, has secured $31m in a series C round led by private equity firm LLR Partners.
Growth equity firm Evolution Equity Partners and venture capital firms .406 Ventures and Arsenal Venture Partners also participated in the round, which he company said boosted its overall funding to $62m.
Onapsis has built a speciality context-aware cybersecurity product that automatically monitors and guards applications on platforms for enterprise software producer SAP and cloud software provider Oracle.
The series C proceeds will go to product development, the expansion of Onapsis’ partner and channel initiatives, and the strengthening of its sales, marketing and customer success activities.
Onapsis lists Schlumberger as an investor on its website but has not revealed when it invested or how much funding it provided. Evolution Equity Partners led its $17m series B round in 2015, which also featured .406 Ventures and Arsenal Venture Partners.
The company had initially received $3m from backers including angel investor David Bonderman before adding $9.6m in a .406 Ventures-led round in 2014 that included Endeavor Catalyst.