Mordecai Rosen, Chief Executive Officer, Skybox Security (company pic)
Skybox Security, an Israeli cybersecurity firm that offers Security Policy and Vulnerability Management, closed $50 million in financing from CVC Growth Funds, Pantheon, and J.P. Morgan. The company also appointed Mordecai (Mo) Rosen as Chief Executive Officer. With this new raise, Skybox Security has now brought in a total of $335 million in funding to date.
This is a large raise in any market. But lately there has been a fiscal crisis with firms laying off personnel and contracting as capital for new investments and expansion has dried up. But cybersecurity firms will always be in demand and Israeli security firms have been doing just fine during the crisis.
Founded in 2002, Skybox Security builds cybersecurity 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. These capabilities extend across highly complex networks, including those in physical, virtual, cloud and operational technology (OT) environments. The company’s broad platform, the Skybox Security Suite, enables organizations to reduce security risks that attackers can find and exploit, such as device misconfigurations and policy violations, as well as exposed and unpatched vulnerabilities.
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“CVC is incredibly pleased to bring on Mo as the new CEO of Skybox and to continue our long-standing financial support of the company. Skybox is the cornerstone of the security infrastructure of hundreds of the largest enterprises around the globe. With its new SaaS platform, Skybox Cloud, the company is well positioned for significant market growth,” said Jason Glass, Partner at CVC. “Mo brings a wealth of knowledge and a track record of success in leading cybersecurity and SaaS companies, and we have every confidence that he will lead Skybox to its next level of long-term growth and profitability.”
“I was drawn to Skybox by its disruptive technology platform, blue chip customer base, and seasoned cybersecurity team. With our first to market SaaS offering, Skybox Cloud, we are well positioned to disrupt both the Security Policy and Vulnerability Management markets with a single integrated SaaS platform. I am thrilled to join Skybox at this exciting inflection point and lead the company to its next level of growth,” said Mordecai Rosen.
