- AppOmni recently announced that it has raised $ 70 million in Series C funding. Here are the details.
AppOmni-a leading SaaS security provider-recently announced that it has raised $ 70 million in a round of Series C funding to advance product development, international growth, and measure processes go -to-market. This investment was led by Thoma Bravo, a leading software investment firm, with participation from current investors, including Scale Venture Partners, Salesforce Ventures, ClearSky, and Costanoa Ventures. In this rounding of funding, AppOmni has raised $ 123 million in total funding to date.
AppOmni protects over 78 million users across a wide range of SaaS platforms and captures over 230 million exposed data records. And AppOmni’s SaaS security management software provides cost savings by speeding up development processes and enabling security and IT teams to secure more of their tech stacks. with fewer resources.
Thoma Bravo approached each investment with the goal of helping management teams identify and drive incremental growth opportunities, as well as process improvements, to enable best -in -class operational and financial performance. Thoma Bravo has been committed to working with high -growth market leaders since the company first began investing in software in 2003. Thoma Bravo partner Robert (Tre) Sayle will join the AppOmni Board of Directors.
AppOmni delivers centralized visibility, unmatched data access management, and security controls that seamlessly integrate into any SaaS environment. And covered apps include Box, Confluence, Fastly, GitHub, Google Workspace, Jira, Microsoft 365, Salesforce, ServiceNow, Slack, Workday, Zoom, and more. The AppOmni Developer Platform enables security coverage for any SaaS application, whether purchased from a vendor or built in-house.
IMPORTANT QUOTE:
“The high-profile SaaS violations we’ve seen in recent months underscore the urgency faced by CISOs. Customers and prospects across the industry are telling us the same thing: security teams need better visibility into their SaaS environments and automated tools to adequately secure their fast-growing SaaS ecosystem. . I founded AppOmni to deliver the security solution I wanted to have while leading the security teams at Salesforce and ServiceNow. I am excited to partner with Thoma Bravo and our current investors to further improve and expand our solutions so we can help more organizations around the world secure their entire SaaS environment. ”
-Brendan O’Connor, CEO and co-founder at AppOmni
“The digitization of businesses in all sectors has accelerated the need for reliable data protection and control, and AppOmni’s security solutions are unmatched in the industry. We admire AppOmni’s rapid scaling, high level of customer satisfaction, and continuous product innovation, and we are excited to partner with Brendan and his team as they take advantage of this huge market opportunity in the future. “
– Robert (Tre) Sayle, a partner at Thoma Bravo