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The Boston cybersecurity company said on Friday that it raised a $31 million funding round led by Philadelphia-based private equity firm LLR Partners as it looks to an initial public offering in three to four years.
Application security firm Onapsis has raised $31 million through a Series C funding round led by new investor LLR Partners, the company announced Friday, bringing the total amount raised to $62 million.
Onapsis, a Boston-based enterprise cybersecurity startup, said Friday that the company has raised a $31 million financing round that will be used in part to expand its channel partner program.
Boston cybersecurity company Onapsis said on Friday that it has raised a $31 million funding round led by Philadelphia-based private equity firm LLR Partners as it looks to a potential IPO in three to four years.
Investment to help fuel company growth in a fast-growing market for securing business-critical applications, such as SAP and Oracle Financials, amid rising threat of data breaches, financial fraud and heightened compliance mandates
For the firm’s early investors, it’s confirmation that investors also believe that the subscription economy has space to grow.
Onapsis said April 13 that it raised a $31 million Series C round led by LLR Partners. Existing institutional investors .406 Ventures, Evolution Equity Partners and Arsenal Venture Partners also participated.
Security veteran to drive future financial strategy and sales operations in the rapidly growing market of Business-Critical Application Security
Reaping the advantages of ERP in the cloud requires lots of analysis and planning, according to the Cloud Security Alliance.