Helping organizations protect their systems against data breaches, cybersecurity company AppOmni is enhancing its solution with a new injection of capital. The company announced an addition to its Series C round from new investor TSG.
As the number of companies moving their critical processes onto the cloud has increased, so has the need for better contol over those digital environments. AppOmni offers businesses a suite of SaaS security management solutions as a means to keep their data and business processes safe. The company enables enterprises to set rules for data access and sharing, as well as third-party apps. Afterwards, the platform automatically and continually validates those rules.
AppOmni announced back in June a $70 million funding round led by Thoma Bravo that brought its total funding to $123 million at the time. The capital was raised to fuel product development and international growth. Now, its follow-on investments from TSG, as well as other funds, allow AppOmni to further its progress toward these goals.
The new capital will enable go-to-market expansion within Europe, the Middle East and Africa as well as the Asia and Pacific region. AppOmni plans to grow its solution’s area of coverage as well as deepen its functionality.
In addition to the new funding, AppOmni announced its reception of the SOC 2 Type 2 certification from the American Institute of Certified Public Accountants. This designation speaks to the company’s trustworthiness as a software vendor and will allow AppOmni to strengthen its ability to serve enterprise customers with sensitive data, according to the company. Businesses in highly-regulated sectors like banking and government can also further benefit from AppOmni’s solution following this certification.
“We continue to grow rapidly in terms of revenue, customer base, geographies and product capabilities,” Brendan O’Connor, AppOmni’s CEO and co-founder, said in a statement. “We have incredible momentum across the company, particularly as this additional capital coincides with our recent SOC 2 Type 2 designation and latest patent covering SaaS security remediation. These achievements will enable us to accelerate our product roadmap and extend our leadership position in the global SaaS security space.”
As the company expands, AppOmni is currently hiring with a range of roles listed on its site. The company wants to full positions across customer success, design, engineering, marketing, product and sales.
