Funding round
Securonix Series A
Securonix, which works in unified defense SIEM platform development in Plano, raised $29M in a Series A round announced on 20 Sep 2017, led by Volition Capital. 2 firms took part. It is Securonix's first venture round on record.
$29M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Securonix did not disclose a valuation in this round. It is Securonix's first venture round on record, 9 years after it was founded in 2008. It is 2.8% of the $1.03B Securonix has raised in the venture rounds on record. Securonix raised again 53 months later: a Growth round of $1.00B in Feb 2022.
Securonix's funding rounds
Securonix has 2 venture rounds on record. This one is highlighted.
- Series A this round 20 Sep 2017, led by Volition Capital $29M
- Growth 15 Feb 2022, led by Vista Equity Partners $1.00B
Investors
Who put money in
Volition Capital led the round with 1 other firm.
Lead investor
- backs 42 venture-backed companies new investor
Also in the round
- backs 125 venture-backed companies new investor
Joined the board: Roger Hurwitz (Volition Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
676 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.4M, and this round was 3.9 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 20 Sep 2017 | $46M | not disclosed | Ping An Global Voyager and Oliver Wyman |
| Tech Companies | 12 Sep 2017 | $36M | not disclosed | Partech |
| Tech Companies | 19 Sep 2017 | $31M | not disclosed | not named |
| Tech Companies | 19 Sep 2017 | $20M | not disclosed | Dell Technologies Capital and General Catalyst |
| Tech Companies | 19 Sep 2017 | $12M | not disclosed | Mercury Fund |
| Tech Companies | 27 Sep 2017 | $11M | not disclosed | Norwest |
| Tech Companies | 18 Sep 2017 | $10M | not disclosed | Forté Ventures |
| Tech Companies | 20 Sep 2017 | $10M | not disclosed | BMW i Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Securonix raise in its Series A round?
Securonix raised $29M in its Series A round, announced in Sep 2017.
Who led Securonix's Series A round?
Volition Capital led it, with Eight Roads.
What was Securonix's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
676 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.4M, and this round was 3.9 times the median.
Did Securonix raise again after this round?
Yes: a Growth round in Feb 2022 of $1.00B.