Skybox Security Obtains $6M In New Funding

Skybox Security‘s delight with their continuous growth in the past 18 months was further heightened by their most recent funding, amounting to an impressive $6 million equity investment. This particular round was led by Susquehanna Growth Equity, LLC, and also involved the participation of existing investors.

Their CEO Gidi Cohen shared a bit more about this recent achievement in this e-interview with Lead411:

Who are your competitors and how are you different from them?

Skybox Security is unique in offering a complete security management portfolio. Among other benefits, this portfolio delivers best-in-case capabilities including:

  • The most Comprehensive Network Security View – provides detailed insight into what is going on in your network.  Gathers information from firewalls, network devices, management systems, and threat feeds to fully analyze access paths and policy compliance in minutes.
  • Superior Automation Capabilities – allows organizations to use Skybox solutions daily to continuously monitor security controls.
  • Modeling and Attack Simulation –Skybox is network-aware and uses an attacker’s viewpoint to prioritize risks allowing – you to prioritize and focus on the most important issues first.

Competitors offer one or two of these solutions, but no one else offers all three such robust and mature solution sets on a single platform.

Skybox competitors include:

  • AlgoSec
  • FireMon
  • Q1 Labs

What percentage of your marketing budget are spent on the following?

  1. Advertising
  2. Social Media Marketing
  3. SEO
  4. PR Direct Marketing
  5. Other

We find that all aspects of marketing support each other to build brand awareness and increase leads. It is important to balance a marketing approach – for instance awareness building PR and advertising to the companies and people you are trying to reach along with SEO and SEM to make sure your name pops up when people have a problem you solve. Targeted, direct marketing to focus lead generation activities is crucial. These activities, and the corresponding budget, fluctuate depending on the campaign, audience, and time of year.

What marketing tactic has given you the highest ROI?  What percentage ROI do you get back on this?

We see the highest return from SEO efforts. It is something that once set up properly and maintained has a huge impact on driving inbound leads. However, a good integrated marketing program builds on many different elements.

What do you plan to spend your new funding on?  Product development?  Marketing?

Skybox has grown more than 60% year over year in 2011.  We will use these funds to support the growth of Skybox including expanded use cases, addressing new markets for our products, and further developing our sales pipeline.

If this is your first round of financing and you’re the CEO, how many hours did you put into   working on getting your financing?  Was that taking up most of your day?

This was not our first round of funding.

If you are the CEO, what are your biggest challenges?

The biggest challenges are maximizing growth, increasing market share, and maintaining profitability.

How many employees do you have?

Over 50

When were you founded?

Skybox was founded in 2002.

How much did you revenue increase (if any) this year over last year?

Skybox Security reported more than 60 percent growth 2011 versus the same period in 2010, achieved through strong demand across all product lines, an increased investment in sales regions including the U.S. federal government team, and the support of key partnerships with Westcon Security and BT Global Services.

Want to read more about this recent funding? You can find their press release here.

About Christine Guinto

Christine Guinto is our part-time writer for the Lead411 Blog. She specializes in our funding news. You can contact her at christine [at] Christine Amos on Google+!