Onapsis, a US-based enterprise cybersecurity tool developer backed by oilfield services provider Schlumberger, secured $55m of series D funding yesterday.
The round was co-led by pension fund Caisse de dépôt et placement du Québec (CDPQ) and investment and advisory firm NightDragon Security, with participation from .406 Ventures, LLR Partners and Arsenal Venture Partners.
Founded in 2009, Onapsis produces cybersecurity products to protect enterprise resource planning across software platforms such as SAP and Oracle.
The series D cash will support commercialisation of newly-launched products covering Salesforce’s customer relationship management platform and SuccessFactors’ human resources management software.
Onapsis secured $31m in a 2018 series C round led by LLR Partners and backed by .406 Ventures, Evolution Equity Partners and Arsenal Venture Partners.
The company had closed an $18m series B round three years earlier led by Evolution Equity Partners that included Schlumberger, Arsenal Venture Partners and .406 Ventures, which had led a $9.6m series A in 2014 backed by Endeavor Catalyst and undisclosed existing investors.
Mariano Nunez, founder and chief executive of Onapsis, said: “This funding only builds on our continued strong momentum as we stay hyper-focused on being the standard for mission-critical application security and compliance across cloud, hybrid and on-premises environments.
“We are honoured to have the trust of new outstanding investors such as CDPQ and NightDragon, and the continued support of our existing partners. We will now further scale Onapsis to new heights and help even more organisations around the globe ensure all their critical information and processes are protected.”