McAfee Raises $130M in Series C

McAfee has successfully raised $130M in a Series C at a $8B valuation led by TPG Capital, Intel Capital.

Company Overview

McAfee is a Cybersecurity company headquartered in San Jose, CA, founded in 1987 with 7000+ employees.

Consumer and enterprise security

Fundraising Details

Amount Raised: $130M
Round Type: Series C
Valuation: $8B
Date: 2024-06-01
Investors: TPG Capital, Intel Capital

About McAfee

Consumer and enterprise security The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.

Key Information

Headquarters: San Jose, CA
Founded: 1987
Team Size: 7000+
Industry: Cybersecurity

What This Means

This funding round demonstrates strong investor confidence in McAfee's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. McAfee's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $8B valuation marks an important milestone for McAfee, positioning the company among notable players in the Cybersecurity industry.

Looking Ahead

With this new capital, McAfee is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-06-01. For more information about McAfee, visit their headquarters at San Jose, CA.