ForeScout Technologies grabs $76m at $1bn valuation


Cybersecurity company ForeScout Technologies has secured a $76 million financing round, which values the firm at $1 billion. The funding round was led by Wellington Management Company and the money will be used expand global operations and increase R&D efforts. “It took 25 years for the world to get to 5 billion connected devices, but with the explosion of the IoT we’ll see around 30 billion by 2020—an entirely new approach to security is required,” said Michael DeCesare, ForeScout CEO & President. “Device proliferation and IoT deployments are easy entrances for cyber criminals if not detected and protected. With agentless visibility, intuitive automated controls and a commitment to integrating with leading security and IT management solutions, ForeScout is well-positioned to own the burgeoning IoT security market.”

LendUp, a San Francisco-based startup offering a socially responsible alternative to payday loans, has raised $150 million in a combination of Series B financing and expanded credit facility. The company will use the financing to expand its team and platform. Susa Ventures and Data Collective led the round which included participation from existing investors Google Ventures, QED, Kapor Capital, Yuri Milner, SV Angel, Eagle Cliff, Bronze Investments and Victory Park Capital. “Over the last two years we’ve been growing rapidly by increasing the number of U.S. states where LendUp loans are available,” CEO Sasha Orloff said. “With this latest round of funding, we’re expanding the platform to include national products that allow us to solve new challenges and meet the needs of more customers.”

MariaDB Corporation, a provider of open-source relational database solutions, has secured $9 million in equity financing. Intel Capital and California Technology Ventures were among the investors. The company also announced the appointment of Michael Howard as CEO and Michael Widenius as CTO. “Michael’s proven leadership and deep operational and technology expertise will enable MariaDB to extend its position in the open source database market,” said Scott Raskin, independent director on the MariaDB Board.  “With his extensive experience driving growth at both private and public companies, we believe Michael’s leadership will enable MariaDB to capitalize on the massive shifts and opportunities it is addressing in the data management space.” The funds will be used to support accelerating sales and technology development.

Malwarebytes, an anti-malware security company, has raised $50 million in Series B funding from Fidelity Management and Research Company. “Malware is an epidemic attacking businesses and governments worldwide, as evidenced by recent high profile breaches,” said Marcin Kleczynski, CEO of Malwarebytes. “Of course, it’s an honor to be backed by Fidelity – the same company that has backed disruptive, high-growth privately held technology companies like Uber, Airbnb and SpaceX. Our unique business model has allowed us to attain rapid growth while driving consistent profitability and cash flow. We will continue to hire more talented engineers to help us fight malware and accelerate Malwarebytes’ strategic sales, marketing and future product initiatives in our fast growing enterprise business.”