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August 30, 2012 08:00 am GMT
Zscaler, a provider of cloud security services to small businesses, corporates and service providers, has raised a hefty $38 million from a single investor, Lightspeed Venture Partners. This is the first outside investment ever taken by Zscaler, which was founded in 2007, and had in the past been funded internally. The company is currently cash-flow positive, but it's getting the new injection of funds from Lightspeed to scale up its business: the investment, Zscaler says, will be used forproduct development -- particularly in the area of mobility -- and to expand Zscaler's sales and marketing efforts.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wkhwmypuAcQ/
Cloud Security Provider Zscaler Scales Up, Takes Its First Outside Investment: $38M From Lightspeed
Zscaler, a provider of cloud security services to small businesses, corporates and service providers, has raised a hefty $38 million from a single investor, Lightspeed Venture Partners. This is the first outside investment ever taken by Zscaler, which was founded in 2007, and had in the past been funded internally. The company is currently cash-flow positive, but it's getting the new injection of funds from Lightspeed to scale up its business: the investment, Zscaler says, will be used forproduct development -- particularly in the area of mobility -- and to expand Zscaler's sales and marketing efforts.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wkhwmypuAcQ/
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