StackRox has raised $26.5 million in funding to expand operations globally and support its R&D efforts. StackRox will use the $26.5 million in new funding to accelerate growth, expand in key geographies such as EMEA, and continue investing in its R&D.
Last month, StackRox launched operations in EMEA to provide global customers with local access to its Kubernetes-native security capabilities.
StackRox also said that it achieved more than 240% revenue growth in the first half of the year. The first-half revenue results exceeded the company’s pre-pandemic goals and were driven by companies accelerating their digital transformation initiatives and adopting cloud-native technologies and DevSecOps.
The funding is being led by Menlo Ventures with participation from Highland Capital Partners and Hewlett-Packard Enterprise along with StackRox’s existing investors, Sequoia Capital and Redpoint Ventures.
As part of this investment, Venky Ganesan, partner, Menlo Ventures, has joined the StackRox board.