Follow The Money: 10 Recent Tech VC Investments To Watch In September


Zscaler

HQ: San Jose, Calif.

CEO: Jay Chaudhry
New Funding: $38 million
Round: unspecified
Backers: Lightspeed Ventures, others

Zscaler has been coming on strong in the red-hot market for cloud security, and the $38 million it locked up in late August represents the first time it has taken funding from external investors. It listed only Lightspeed in its press release, but rumors are flying that the lead investor is in fact storage giant EMC, itself the subject of much speculation about whether it will acquire another security company soon.

"To date, we have resisted outside investment despite inquiries from top-tier investors. Our new strategic partners share our vision and are committed to helping Zscaler build a long-lasting business," stated CEO Chaudhry.

 



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