The round was led by clients advised by JP Morgan Asset Management with participation from existing investors General Catalyst, Sutter Hill Ventures, Osage University Partners, American Express Ventures, HSBC, JP Morgan Chase and Engineering Capital. Menlo Security provides an Internet Isolation technology platform that separates an enterprise network from the public web, while still allowing employees to access the Internet. The solution removes the viewing of email attachments and web browsing from the desktop and moves it to the cloud. The company intends to use the funds to expand its global sales team.
Customers (incl. tech. partners*): “hundreds” of companies (including Macy’s, Fujitsu, IIJ, First Community Bank). The world’s 10 largest banks, four of the five largest credit card issuers, the Defense Information Systems Agency, the U.S. Department of Defense’s IT combat support agency.