SKOUT CYBERSECURITY raises $25m in Series B

SKOUT CYBERSECURITY, a cloud-native security solution for small and mid-sized businesses, has raised $25m in its Series B.

ClearSky, a US-based venture capital firm focused on cybersecurity and power sectors, led the funding round.

This funding comes a year after SKOUT revealed it was acquired by private investment firm RSE Ventures. RSE also contributed to this new round of funding.

With the new burst of funds, SKOUT will look to accelerate its product development, sales, marketing, and recruitment efforts.

The cybersecurity company collects information on customer devices, software, and infrastructure with sensors which can integrate with most technology stacks and work on a majority of devices or SaaS systems. These sensors can be used for monitoring purposes such as network, log, and endpoint monitoring, and can be deployed to scan for vulnerabilities and identify breaches.

ClearSky managing director Jay Leek said, “In today’s era of hacking and online fraud small and midsize businesses (SMBs) are increasingly at risk. As cybersecurity threats become more common for SMBs, SKOUT’s solutions help organizations implement expert-level cybersecurity, regardless of resource constraints.”

As part of the deal, ClearSky managing director Alex Weiss has joined the SKOUT board of directors.

Earlier in the year, ClearSky led the undisclosed Series A round of risk management company ZeroNorth. The platform offers software and infrastructure risk management by continuously monitoring for vulnerabilities.


Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst


The following investor(s) were tagged in this article.