Zenedge Raises $6.2 Million In Series C Funding

Zenedge just raised $6.2 million in Series C funding, led by Pilot Growth Equity. Additional funds come from Zoho Corporation and existing investors TELUS Ventures and Yehuda Neuberger.

Founded in 2014, Zenedge is a leading provider of cloud-based, artificial intelligence, driven Web Application Firewall (WAF) and Distributed Denial of Service (DDoS) cybersecurity Infrastructure-as- a-Service (IaaS) provider.

The company leverages patent-pending deep machine-learning capabilities to detect anomalies, dynamically alter security postures, and initiate auto-mitigation and automatic routing with minimal to zero human intervention. This allows the company to provide better cybersecurity and faster time to mitigation than traditional cloud and on-premise cybersecurity vendors, ultimately resulting in less and shorter business interruptions, while helping reduce operational costs.

The $6.2 million financing will be used to fund Zenedge's continued global expansion, sales and marketing activities and for further investment in its patent-pending technology.

“ZENEDGE has rapidly established a significant leadership position in the fast growing, high demand cloud cybersecurity space," William Lee, co-founder and managing director at Pilot Growth, said in a press release. "Pilot Growth is honored to partner with ZENEDGE and we look forward to working closely with their outstanding management team and board to maximize the company's potential."