# Monarx

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/monarx

- Industry: IT Security/Cybersecurity
- Headquarters: Salt Lake City, US
- Website: www.monarx.com
- Total disclosed funding: $9M
- Latest round: Series A (Feb 22, 2023)
- Investors on record: 4

## About

Monarx, Inc. specializes in advanced website and server security solutions tailored for web hosting providers, utilizing innovative technology to proactively combat malware and security threats.Founded in 2017 and headquartered in Salt Lake City, US, Monarx, Inc. provides security solutions that focus on protecting websites and servers. The company has engaged in two significant deals, with the most recent occurring on February 22, 2023, during which it raised USD 5.58 mn in a Series A funding round led by Signal Peak Ventures, with participation from Crosscut Ventures Management, Kickstart Capital, and Pelion Venture Partners. Matt Hoffman, who has a background in the tech industry, is one of the founders of the company, which is currently led by CEO Jeremy Warren.Monarx provides advanced website and server security solutions primarily designed for web hosting providers. Their core product offerings leverage intelligent technology to detect and prevent malware and security threats in real-time, utilizing a signature-less approach that effectively identifies malicious activity beyond traditional detection methods. Monarx's Threat Shield offers in-application protection, monitoring behaviors to block harmful actions, while automated malware removal boasts a 99.99% effectiveness rate with minimal false positives. The product suite is optimized for performance, featuring integration with major control panels such as cPanel, Plesk, and Direct Admin, as well as support for various Linux distributions and cloud environments. Monarx primarily serves customers in North America and Europe, including web hosting companies, IT service providers, and businesses utilizing content management systems like WordPress, Magento, and Drupal.Monarx generates revenue through a subscription-based model, providing its security services to hosting providers and enterprises. Clients typically subscribe to various service tiers, which may include comprehensive malware protection, real-time threat detection, and support tools tailored for their specific needs. The company's flagship product, recognized for its high detection rates and resource efficiency, is offered alongside additional modules that enhance functionality, such as the WHMCS Module for automated security services. Transaction structures often involve B2B partnerships, with pricing plans designed to provide scalable solutions for different sizes of operations, from small hosting providers to larger enterprises. Overall, Monarx's transactions focus on delivering consistent security enhancements, thereby contributing to a more stable operational environment for its clients.On February 22, 2023, Monarx, Inc. raised USD 5.56 mn in a venture funding round to support its future growth initiatives. The funding will be directed towards enhancing partner growth and expanding its reach. The company is focused on developing new product offerings aimed at further improving protection and detection capabilities, although specific release dates have not been disclosed. Monarx is targeting expansion into additional markets, particularly in Europe and Asia, to broaden its customer base and enhance service offerings.

## Funding rounds

- Series A, Feb 22, 2023, $5.6M — Pelion Venture Partners, Signal Peak Ventures, Crosscut Ventures Management, Kickstart
- Seed, May 1, 2017, $3.4M — Pelion Venture Partners, Kickstart

## Investors

- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Seed, Series A
- Kickstart (https://capitalatlas.ai/funds/kickstart) — Seed, Series A
- Signal Peak Ventures (https://capitalatlas.ai/funds/signal-peak-ventures) — Series A
- Crosscut Ventures Management (https://capitalatlas.ai/funds/crosscut-ventures-management) — Series A