# Barracuda Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/barracuda-networks

- Industry: IT Security/Cybersecurity
- Headquarters: Campbell, US
- Website: www.barracuda.com
- Total disclosed funding: $168M
- Latest round: Series B (Oct 3, 2012)
- Investors on record: 3

## About

Barracuda Networks, Inc. specializes in cybersecurity solutions, offering protection for email, networks, applications, and data against various cyber threats through innovative platforms and services designed for organizations of all sizes.Founded in 2002 in Campbell, US, Barracuda Networks, Inc. provides cybersecurity solutions aimed at securing email, applications, and data. The company was acquired by Thoma Bravo for USD 1.6 billion in a deal finalized in February 2012, following a notable IPO in November 2013. The company was founded by Mona Kanwar, Tobias de Marcos, and Zach Levow, while Hatem Naguib serves as the current CEO. Barracuda has executed a total of 7 deals with the most recent deal occurring on November 6, 2013, raising USD 75 mn in its IPO.Barracuda Networks offers a comprehensive suite of cybersecurity solutions designed to protect email, applications, networks, and data against an array of cyber threats. Their core product, the BarracudaONE™ Cybersecurity Platform, integrates advanced security features to provide layered defenses and intelligent threat detection and response. Other offerings include Barracuda Email Protection, which utilizes AI to defend against complex email threats, and Barracuda Data Protection to safeguard data on-site and in the cloud from risks such as accidental loss, breaches, and ransomware. Additionally, Barracuda's Managed XDR service enhances cybersecurity posture by delivering robust cybersecurity-as-a-service solutions tailored for managed service providers (MSPs) and channel partners.In the year 2017, Barracuda Networks generated a revenue of USD 352.65 mn and an EBITDA of USD 38.49 mn. The company primarily derives its revenue through subscription-based models and partnerships, focusing on recurring revenue streams from its cybersecurity solutions, with clients engaging in contracts that include licensing agreements for products like Barracuda Email Protection and Managed XDR.Barracuda Networks is focusing on expanding its product offerings and market reach. The company plans to launch new cybersecurity products aimed at enhancing protection capabilities and expects to penetrate additional geographic regions, focusing on Europe and Asia-Pacific by 2025. The recent funding round raised USD 1.6 billion will be utilized to support these initiatives and enhance product development, ensuring Barracuda remains competitive in the evolving cybersecurity landscape.

## Funding rounds

- Series B, Oct 3, 2012, $128M — Francisco Partners, Hong Shan
- Series A, Dec 23, 2005, $40M — Focus Ventures, Francisco Partners, Hong Shan

## Investors

- Focus Ventures (https://capitalatlas.ai/funds/focus-ventures) — Series A
- Francisco Partners (https://capitalatlas.ai/funds/francisco-partners) — Series A, Series B
- Hong Shan — Series A, Series B