# ShieldX Networks

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

- Industry: Software
- Headquarters: San Jose, US
- Website: www.shieldx.com
- Total disclosed funding: $34M
- Latest round: Series B (Dec 12, 2017)
- Investors on record: 5

## About

ShieldX Networks, Inc. provides advanced cybersecurity solutions, specializing in cloud security and network protection, empowering organizations to manage their security operations with automation and efficiency.Founded in 2015 in San Jose, US, ShieldX Networks, Inc. focuses on delivering innovative cybersecurity solutions. The company was recently acquired by Fortinet, Inc. in March 2021, with the financial terms undisclosed. The firm’s leadership includes CEO Ken Levine. ShieldX has completed three investment deals, with its latest funding being a Series B round that raised USD 25.00 mn, bringing the total amount raised to USD 25.00 mn and a current valuation of USD 71.38 mn.ShieldX Networks, Inc. offers a comprehensive suite of cybersecurity products including next-generation firewalls, secure access service edge (SASE), and unified threat management systems. These solutions are designed to protect enterprises against a wide range of cyber threats while ensuring secure access to applications and data, whether hosted in the cloud or on-premises.ShieldX generates its revenue through a subscription-based model, providing clients with access to its suite of cybersecurity products. Enterprise clients typically engage in long-term commitments, often structuring contracts that include tailored security solutions. The company’s flagship products contribute significantly to its revenue streams and are supported by a global network of resellers and service providers.Following its acquisition by Fortinet, Inc., ShieldX Networks, Inc. plans to enhance its product line and expand into new geographic markets. The recent funding will be allocated towards developing upcoming products tailored to the evolving cybersecurity landscape. The company aims to establish a stronger presence in North America and Asia-Pacific markets, leveraging Fortinet's extensive distribution network to accelerate growth initiatives.

## Funding rounds

- Series B, Dec 12, 2017, $25M — Bain Capital, Dimension Data Proprietary Limited, Mandiant, Inc., Aspect Ventures, Symantec Ventures
- Series A, Nov 1, 2015, $9M — Bain Capital, Aspect Ventures

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A, Series B
- Aspect Ventures (https://capitalatlas.ai/funds/aspect-ventures) — Series A, Series B
- Dimension Data Proprietary Limited — Series B
- Mandiant, Inc. — Series B
- Symantec Ventures (https://capitalatlas.ai/funds/symantec-ventures) — Series B