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- Skybox Security
Skybox Security Funding, Investors & Competitors
Skybox Security has raised $302M across 5 funding rounds, most recently a $50M undisclosed-stage round in February 2023.
Last Skybox Security funding round
$50M
Undisclosed stage · Feb 2023
Cumulative funding Skybox Security raised
$302M
across 5 funding rounds
Key investors in Skybox Security
CVC Capital Partners
Pantheon Ventures
JPMorgan Chase
Susquehanna International Group
Hermes GPE
PSG Equity
Providence Equity Partners
About Skybox Security
Skybox Security is a provider of SaaS-based security posture management platforms for vulnerability assessment and policy optimization across networks and clouds. San Jose-headquartered, its vendor-agnostic tools enable prioritization and remediation for enterprise security teams.
Founded
2002
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Skybox Security Funding History
Skybox Security has raised a total of $302M across 5 funding rounds.
Skybox Security's first fundraising round was a $6M Series A in January 2014. The most recent completed round was a $50M undisclosed-stage round in February 2023.
Skybox Security funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2023 | Undisclosed stage | CVC Capital Partners (lead); JPMorgan Chase (lead); Pantheon Ventures (lead) | $50M | Skybox Security, a SaaS-based cybersecurity firm specializing in security posture management, raised $50 million in a Private Equity II round on February 8, 2023, from CVC Growth Funds, Pantheon, and J.P. Morgan, as reported by fintech.global. The funding coincided with the appointment of Mordecai (Mo) Rosen as the new CEO, who previously led Digital Guardian to profitability and held senior roles at CA Technologies. Rosen aimed to drive growth for Skybox's platform, which provides visibility, analytics, and automation to map, prioritize, and remediate vulnerabilities across organizations, positioning Skybox Cloud as a disruptive SaaS solution in security policy and vulnerability management markets. CVC partner Jason Glass highlighted Skybox's role as a cornerstone for hundreds of large enterprises globally and expressed confidence in Rosen's leadership for long-term growth and profitability. This round followed earlier investments, including a $150 million growth equity raise in October 2017 led by CVC Capital Partners ($100 million) with Pantheon ($50 million), when Skybox reported a 46% CAGR and positive cash flow from 2014-2016, plus 62% sales growth in H1 2017. Later developments saw Skybox shut down, |
| Oct 2017 | Undisclosed stage | CVC Capital Partners (lead); Pantheon Ventures | $150M | Skybox Security, a San Jose-based cybersecurity management company, provides software for visibility into attack surfaces, risk prioritization, and vulnerability management across physical, virtual, cloud, and OT networks via its Skybox Security Suite. On October 25, 2017, it raised $150 million in growth equity, with CVC Capital Partners' Growth Fund leading at $100 million and Pantheon Ventures participating with $50 million. This brought total equity funding to $288 million, following a 2016 investment by Providence Equity Partners that acquired a 75% stake for $96 million, reducing Providence's ownership to just over 50% post-round. The funding supports accelerated investments in sales, marketing, customer care, R&D, potential M&A, and workforce expansion by 50% by end-2018 to tap a $10 billion cybersecurity management market. Skybox reported a 46% CAGR and positive cash flow from 2014-2016. In H1 2017, it achieved 62% sales growth and 59% increase in product transactions year-over-year. CVC partners Jason Glass and John Clark joined the board. Demand stems from complex digital transformations expanding attack surfaces, driving need for efficient security management and ROI from existing tech. CEO Gidi Cohen highlighted evolving technology to address these challenges. |
| Feb 2016 | Undisclosed stage | Providence Equity Partners (lead); PSG Equity | $96M | Skybox Security, a Silicon Valley-based cybersecurity firm founded in 2002, develops software solutions for security analytics, providing visibility into enterprise attack surfaces, vulnerability management, threat intelligence, and security policy management through network modeling and simulation. Its products integrate with over 90 networking and security tools and serve major global enterprises including six of the top 10 banks, 10 telecom firms, five largest consumer goods manufacturers, and 10 largest energy providers. The company announced a $96 million growth equity investment on February 3, 2016, from Providence Strategic Growth (PSG), the affiliate of Providence Equity Partners, to fuel expansion in routes to market, technology innovation, and hiring. Reports indicate PSG acquired a 75% stake for the $96 million, with some sources specifying $80 million paid to existing shareholders for the controlling stake and $16 million as new primary investment into the company. Managing directors Mark Hastings and Thomas Reardon from PSG joined the Skybox board. This round followed a $6 million raise in 2014 led by Susquehanna Investment Group, bringing total funding prior to later rounds to around $138 million from investors like Benchmark Capital, Carmel Ventures, Valley Fund, and Mitsubishi Fund. Skybox demonstrated strong traction with 221% revenue growth and 220% new customer acquisition growth over four years leading to 2016, including 55% year-over-year sales increase in 2015 driven by 59% growth in $100K+ deals and 165% in $500K+ deals. The firm was described as profitable with high customer retention. In a subsequent 2017 round, Skybox raised $150 million led by CVC Capital Partners ($100M) and Pantheon Ventures ($50M), reducing Providence's ownership to just over 50% and bringing total equity funding to $288 million. The company reported 46% CAGR and positive cash flow for 2014-2016, with 62% sales growth in H1 2017, planning to expand headcount by 50% by end-2018 for sales, marketing, customer care, product development, and potential M&A. |
| Dec 2015 | Undisclosed stage | Hermes GPE | - | Hermes GPE co-invested in Skybox Security in December 2015 alongside lead investor Providence Strategic Growth. Hermes GPE invested through its global co-investment programme, which takes minority positions in buyouts and growth companies alongside lead general partners on behalf of institutional clients. The firm applied a Growth investment thesis under its accelerating technological innovation megatrend. California-based Skybox Security is a software company that helps organisations protect against data breaches and cyber-attacks by modelling their networks, firewall policies and vulnerabilities. Its global clients span private enterprises to large government agencies, and at the time of the investment included six of the top ten global banks and six of the ten largest NATO members. The amount invested was not disclosed. |
| Jan 2014 | Series A | Susquehanna International Group (lead) | $6M | - |
Who has invested in Skybox Security?
7 investors have backed Skybox Security across its funding rounds, including CVC Capital Partners, Pantheon Ventures, JPMorgan Chase, Susquehanna International Group, Hermes GPE and PSG Equity.
Lead investors include CVC Capital Partners, JPMorgan Chase, Pantheon Ventures, Providence Equity Partners and Susquehanna International Group.
Skybox Security Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2017 | ||
| 2 | Lead | Oct 2017 | ||
| 1 | Lead | Feb 2016 | ||
| 1 | Lead | Feb 2023 | ||
| 1 | Lead | Jan 2014 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSkybox Security Competitors
Skybox Security competitors include listed companies like Mitek Systems and Palo Alto Networks, and private ones like OneTrust, Vanta, Phin Security and Tines.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $400M | - | $4.5B | 11.3x | ||
| Private | $220M | - | $4.2B | 18.9x | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $180M | $37M | $781M | 3.7x | ||
| Publicly listed | $11B | $1B | $307B | 25.9x |
Skybox Security Public Comps
Skybox Security is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Cloudflare, Okta, Zscaler, F5, Rubrik and Gen Digital.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $11B | $1B | 26.7x | 25.9x | 301.1x | 76.9x | |||
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $68B | $17B | 4.2x | 4.0x | 16.9x | 14.6x | |||
| $6.8B | $2.3B | 18.1x | 15.9x | 53.7x | 41.9x | |||
| $2.2B | ($25M) | 54.6x | 44.3x | (4653.4x) | 185.1x | |||
| $2.9B | $245M | 10.6x | 10.0x | 126.4x | 36.4x | |||
| $3.4B | $42M | 9.1x | 8.9x | 721.8x | 32.5x | |||
| $3.1B | $901M | 7.5x | 6.9x | 25.8x | 18.3x | |||
This data is available for Pro users. Sign up to see all Skybox Security competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Skybox Security
| When was Skybox Security founded? | Skybox Security was founded in 2002. |
| Where is Skybox Security headquartered? | Skybox Security is headquartered in San Jose, CA, United States. |
| Is Skybox Security publicly listed? | No, Skybox Security is a private, VC-backed company. |
| How much funding has Skybox Security raised? | Skybox Security has raised $302M across 5 funding rounds. |
| What was Skybox Security's last funding round? | Skybox Security's last funding round was a $50M undisclosed-stage round in February 2023, led by CVC Capital Partners, JPMorgan Chase and Pantheon Ventures. |
| Who are Skybox Security's investors? | Skybox Security's investors include Pantheon Ventures, CVC Capital Partners, Providence Equity Partners, JPMorgan Chase, Susquehanna International Group, PSG Equity and Hermes GPE. |
| Which companies are comparable to Skybox Security? | Companies comparable to Skybox Security include OneTrust, Vanta, Phin Security, Tines, Mitek Systems and Palo Alto Networks. |
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