ZeroFOX Secures $40 Million

Security startup ZeroFOX announced the close of $40 million in Series C financing. Redline Capital Management, Silver Lake, New Enterprise Associates, Highland Capital Partners, and Core Capital Partners participated in the funding.

ZeroFOX aims to protect organizations from the risks involved in social networking and digital communication platforms. By continuously monitoring social platforms for cyber attacks, information loss, social engineering campaigns, account compromise and fraud, ZeroFOX targets the next generation of digital threats.

According to the company, it will use the new funds to drive rapid global expansion and continued product innovation.