According to a statement from the company on Monday, cloud-based security provider Securonix has raised more than $1 billion in a private fundraising round led by Vista Equity Partners.

The capital raised will give the company significant investment to hire senior talent and expand its portfolio across the globe, according to a statement by Sachin Nayyar to Reuters.

The company is based in Addison, Texas, and offers cloud-based security threat detection and response services, growing to become one of the largest in the region.

The plans to expand to a global level

Securinox’s customers include enterprises and government agencies across the globe. They include drug wholesaler AmerisourceBergen and the United States (which accounts for more than half of its revenue.)

Nayyar said that the company believes that now is the time to invest more to provide better intelligence and detection in apps.

Before the deal, Securonix had raised more than $50 million from investors. Investment firms like Eight Roads Ventures and Volition Capital participated in the funding round alongside Vista Equity Partners.

Global ambitions in the works

The terms of the deal surrounding the funding round were not disclosed. The company announced a marketing partnership in 2021 with Snowflake Inc.

The CEO said that Securonix plans to partner with other data analytics firms.

Two weeks ago, at the start of February, Securonix’s close ties to the U.S. government saw it hire Edward Rhyne, a former U.S. Department of Energy and Department of Homeland Security Senior Technical Advisor, to head its Operation Technology business unit.

Securonix continues to innovate and lead in threat detection and response for hybrid cloud, data-driven enterprises.