Social Media Cybersecurity Company ZeroFOX Secures $27M in Series B Round
By Aimee Rhodes
Social media cybersecurity company ZeroFOX has announced that it has raised $27 million in an angel round led by Silicon Valley venture firm Highland Capital, along with previous investors New Enterprise Associates (NEA), Genacast Ventures and Core Capital.
Headquartered in Baltimore, ZeroFOX provides detection and defense for social media threats, which Cisco’s 2015 Midyear Report (p 28) cited as the number one method for web-based attacks to breach organizational networks.
“Social media is the biggest change in the digital landscape over the past decade, and organizations are increasingly coming to terms with the risk exposure associated with social networking,” said Corey Mulloy, general partner at Highland Capital who joined the ZeroFOX board in conjunction with the round.
ZeroFOX said it will use the funds to accelerate engineering, global sales & marketing, M&A activity and apply additional emphasis around its IP protection and defense.
Launched in 2013, the latest angel round follows earlier investments, bringing the total funding to $40.2 million.