Zscaler Raises $150M in Series D

Zscaler has successfully raised $150M in a Series D at a $1.2B valuation led by Lightspeed Venture Partners, TPG Capital.

Company Overview

Zscaler is a Cybersecurity company headquartered in San Jose, CA, founded in 2007 with 3000+ employees.

Cloud security platform

Fundraising Details

• Amount Raised: $150M
• Round Type: Series D
• Valuation: $1.2B
• Date: 2024-09-01
• Investors: Lightspeed Venture Partners, TPG Capital

About Zscaler

Cloud security platform The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: San Jose, CA
• Founded: 2007
• Team Size: 3000+
• Industry: Cybersecurity

What This Means

This funding round demonstrates strong investor confidence in Zscaler'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. Zscaler's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.2B valuation marks an important milestone for Zscaler, positioning the company among notable players in the Cybersecurity industry.

Looking Ahead

With this new capital, Zscaler 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 2024-09-01. For more information about Zscaler, visit their headquarters at San Jose, CA.