Securonix, the threat detection and response provider, has received more than $1 billion in growth investment funding.

Vista Equity Partners led the Securonix funding with participation from Volition Capital and Eight Roads Ventures. Securonix will continue its hypergrowth trajectory while meeting record customer demand.

Securonix offers a SaaS-based, multitenant security analytics, operations and response platform. It provides complete visibility, advanced detection and response, and unlimited scalability.

Securonix serves five of the Global Fortune 10. Over the past 12 months, its SaaS annual recurring revenue (ARR) increased 100% and MSSP customer bookings grew 240%.

Vista Equity Partners, a global investment firm, focuses on enterprise software, data and technology-enabled businesses.

Accelerating Investments

Sachin Nayyar is Securonix‘s CEO and co-founder.

Securonix’s Sachin Nayyar

“Securonix is driven by technology innovation and a passionate mission to address the cybersecurity challenges faced by organizations globally,” he said. “We solve a very tough problem that requires excellence across multiple domains, including product engineering, threat detection/hunting, data science and operations. This funding will help us accelerate investments in these areas and continue to provide a world-class service to our customers.”

The new Securonix funding allows the company to make significant investments in global talent acquisition, adding senior leaders across engineering, cloud operations, threats labs, and sales and marketing.

Michael Fosnaugh is co-head of Vista Equity Partners’ flagship fund and senior managing director.

“As a next-gen SaaS company with a strong leadership team, differentiated platform and passionate customer base, Securonix is leading the security information and event management (SIEM) and extended detection and response (XDR) markets at a time of significant transformation,” he said  “We look forward to supporting the entire Securonix team to help advance their vision and set the standard for modern security analytics and operations.”