Wheelings & Dealings: Zscaler Nets $100 Million in New Funding Round

Already considered one of the top security firms in the world, Zscaler has just landed a brand new round of funding that totals around $100 million that was led by TPG Growth. The firm is one that has made its bones focusing on making enterprise networks safe to connect to the Internet by first scanning and then filtering traffic.

The company looks for malware and viruses and other signs that network information has leaked. Zscaler makes a note that it has found something, and it will then provide a number of suggestions in how to handle the issue. Zscaler CEO Jay Chaudhry recently told VentureBeat that he likes to think of his company as one that is basically the Salesforce of security when it comes to how he sees the firm’s growth.

The CEO added that he believes that as a cloud service, the company is going to only have bigger growth potential moving forward. There are a wide range of companies that are going to be looking for this service, and with the hopes of being able to access it from anywhere. Before the firm got this particular round of funding, it was already seeing a great deal of success. The firm had more than 5,000 enterprises and 13 million users around the world. Roughly 50 percent of sales are generated outside the United States.

One of the reasons the firm has had so much success is that it operates differently than others in its market. While competitors are looking to absorb other firms that they believe can help their security approach, Zscaler has come up with ways to partner up with those other firms and this has kept it light on its feet. The company can still adapt on the fly.