What is Varonis?
Varonis Systems, Inc. provides a comprehensive software platform designed to analyze, secure, manage, and migrate vast amounts of unstructured data. Its solutions are critical for organizations seeking to safeguard sensitive information, including financial data, intellectual property, and confidential records, from both internal and external threats. The company's technology addresses key areas such as data security, governance, compliance, user behavior analytics, and secure file sharing, serving a broad range of IT and business professionals.
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 Pitango Venture Capital, Accel, and Evergreen Venture Partners
Series C (2007): $7M led by Pitango Venture Capital, Evergreen Capital, and Accel
Series D (2008): $15M supported by EMC Corporation, Accel, Pitango Venture Capital, and Evergreen Capital
Other Financing Round (2011): $2.5M featuring Evergeen Venture Partners, Accel, and Pitango Venture Capital
Unspecified (2012): $1M backed by Accel, Pitango Venture Capital, and Evergreen Venture Partners
Debt (2020): $220M with participation from Undisclosed
Key Investors in Varonis
EMC Corporation
EMC Corporation is a global leader in information infrastructure and cloud computing solutions, focusing on helping organizations manage, protect, and analyze their data assets.
Accel
Accel is a prominent venture capital firm known for investing in early-stage and growth-stage technology companies, providing strategic guidance and capital to foster innovation and market leadership.
Pitango Venture Capital
Pitango Venture Capital is a leading Israeli venture capital firm that partners with visionary entrepreneurs and groundbreaking technology companies, supporting them from inception through maturity across various tech sectors.
What's next for Varonis?
The substantial enterprise-level funding and recent strategic investment indicate Varonis is in a robust growth phase, likely focused on scaling its operations and enhancing its platform's capabilities to combat evolving cyber threats. This capital infusion will likely support research and development for advanced threat detection, expand its market reach globally, and potentially pursue strategic acquisitions to broaden its security portfolio. The company's focus on critical data protection positions it well within the expanding cybersecurity market.
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