Cloud-native endpoint management platform Automox has scored $110m in its Series C round, as it looks to bolster its development.
Insight Partners served as the lead investor, with commitments also coming from funds managed by Blackstone. Previous Automox backers Koch Disruptive Technologies and TechOperators, also contributed to the round.
With the capital, the RegTech hopes to accelerate its goal of modernising IT operations through its cloud-native platform. Funds will be sued to bolster its enterprise functionality and double-down on its sales go-to-market function.
Furthermore, the company hopes to hire 100 more staff by the end of the year.
Automox offers a cloud-native IT operations platform that improve visibility, automation and control of digital operations. To ensure security, the platform leverages data encryption, endpoint protection and more.
This funding comes after a period of strong growth for the company. Since June 2019, it has increased its customer base by around 200%, with it currently serving around 2,000.
Blackstone senior managing director and CTO John Stecher said, “We had looked at a lot of platforms on the market and were very impressed by what Automox is doing and the impact that it can have on Blackstone and companies around the world,.
“The Automox approach is radically different from others in this space. As a practitioner, I know that IT operations teams don’t need another tool to manage and maintain, they need a consolidated, single view into their infrastructure and the ability to act quickly and decisively.”
This investment brings the company’s total capital raised to $152m.
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