<article>Private equity firm <a href="https://www.dealstreetasia.com/?s=CVC+Capital+Partners" target="_blank" rel="noopener">CVC Capital Partners</a> will lead a $150 million growth equity investment round in <a href="https://www.dealstreetasia.com/?s=Skybox+Security" target="_blank" rel="noopener">Skybox Security</a>, a Silicon Valley-based cyber security management company.</article>

Private equity firm <a href="https://www.dealstreetasia.com/?s=CVC+Capital+Partners" target="_blank" rel="noopener">CVC Capital Partners</a> will lead a $150 million growth equity investment round in <a href="https://www.dealstreetasia.com/?s=Skybox+Security" target="_blank" rel="noopener">Skybox Security</a>, a Silicon Valley-based cyber security management company.
In the round, CVC will put a $100 million while <a href="https://www.dealstreetasia.com/?s=Pantheon" target="_blank" rel="noopener">Pantheon Ventures</a>, a leading global private equity, infrastructure and real assets fund investor, will invest the remaining $50 million, the company said in a press note.
As a part of the deal, Jason Glass and John Clark, managing partner of CVC Growth Partners, will join Skybox’s board of directors.
“It is a true leader in cyber security management, helping organizations better protect themselves and become more efficient,&#8221; said Jason Glass, senior managing director of CVC Growth Partners.
Skybox makes cyber security management software that gives customers comprehensive visibility of their unique attack surface. The software uses analytics to prioritize an organization’s risk exposures and recommend informed action to best address those exposures.
The company plans to use the fresh funding to accelerate sales and marketing, customer care and R&amp;D. A part of the funding will also be utilised for potential M&amp;A activity.
In the first half of 2017, Skybox recorded a 62 per cent increase in sales and 59 per cent rise product transactions compared to the previous year during the same period.
Skybox CEO Gidi CohenWith said, &#8220;this investment, we’ll accelerate that innovation, focusing on some of the most critical areas, such as security management for the cloud and the OT networks that control critical infrastructure.”
The company&#8217;s customer portfolio includes Global 5000 companies and government agencies.
PE firm CVC Growth focuses on high growth software and technology–enabled services businesses in sectors like security, cloud computing, mobility, compliance, payments, financial technology and vertical software. In primarily invests in North America and Europe.
In June, the investment firm <a href="https://www.dealstreetasia.com/stories/cvc-capital-makes-17-9b-final-close-for-europe-north-america-focused-fund-73998/" target="_blank" rel="noopener">closed</a> its $17.89 billion (€16 billion) investment vehicle CVC Capital Partners VII which is focused on Europe and North America.
Also Read:
<a class="tinymce-colortext" style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/cvc-capital-makes-17-9b-final-close-for-europe-north-america-focused-fund-73998/" target="_blank" rel="noopener">CVC Capital makes $17.9b final close for Europe, North America focused fund</a>

CVC Capital Partners will lead a $150 million growth equity investment round in Skybox Security, a Silicon Valley-based cyber security management company.

Cyber security management firm Skybox to raise $150m led by CVC Capital

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Cyber security management firm Skybox to raise $150m led by CVC Capital

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief