What is Varonis?
Varonis Systems, Inc. provides advanced software solutions designed to safeguard enterprise data against both internal threats and external cyber adversaries. The company's core offering is a robust software platform that enables organizations to meticulously analyze, secure, manage, and migrate vast quantities of unstructured data. This includes sensitive information such as financial records, product roadmaps, intellectual property, and confidential employee or customer data. Varonis's technology is crucial for IT and business professionals seeking to bolster data security, ensure regulatory compliance, implement user behavior analytics, and streamline data management processes. The company's focus on critical data repositories positions it as a key enabler of robust data governance and protection strategies for businesses worldwide.
How much funding has Varonis raised?
Varonis has raised a total of $255.5M across 6 funding rounds:
Series B
$10.1M
Series C
$7M
Series D
$14.9M
Other Financing Round
$2.5M
Unspecified
$1M
Debt
$220M
Series B (2006): $10.1M with participation from Evergreen Venture Partners, Pitango Venture Capital, and Accel
Series C (2007): $7M led by Evergreen Capital, Accel, and Pitango Venture Capital
Series D (2008): $15M supported by Pitango Venture Capital, Accel, EMC Corporation, and Evergreen Capital
Other Financing Round (2011): $2.5M featuring Pitango Venture Capital, Evergeen Venture Partners, and Accel
Unspecified (2012): $1M backed by Pitango Venture Capital, Evergreen Venture Partners, and Accel
Debt (2020): $220M with participation from Undisclosed
Key Investors in Varonis
Pitango Venture Capital
Pitango Venture Capital is a leading venture capital firm that supports visionary entrepreneurs and groundbreaking companies from their inception through maturity. They focus on exceptional founding teams across various technology and health sectors, providing value-added support to foster innovation and growth.
Accel
Accel is a prominent venture capital firm known for backing transformative technology companies. They provide strategic guidance and capital to help startups scale and achieve market leadership, with a focus on fostering innovation in the tech ecosystem.
EMC Corporation
EMC Corporation, a global leader in information infrastructure and business transformation, provides solutions that enable organizations to manage, protect, and analyze their information assets. Their investment in Varonis highlights the strategic importance of data security within enterprise IT infrastructure.
What's next for Varonis?
The recent major strategic investment in Varonis indicates a strong confidence from investors in the company's trajectory and its critical role in the cybersecurity landscape. This capital infusion is expected to fuel further innovation in Varonis's data-centric security platform, potentially expanding its threat detection and response capabilities. The company is likely to leverage this financial backing to accelerate its go-to-market strategies, deepen its penetration in key enterprise sectors, and potentially explore strategic acquisitions. As cyber threats continue to evolve in complexity and volume, Varonis is well-positioned to capitalize on the increasing demand for comprehensive data security solutions, solidifying its market leadership.
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