Application security startup Contrast Security Inc. has raised $150 million in new funding to meet growing demand, further gain market share with accelerated global expansion plans and provide the company with additional flexibility to execute on strategic opportunities and acquisitions.
Liberty Strategic Capital led the Series E round. Also participating were Warburg Pincus, Battery Ventures, General Catalyst, Microsoft’s M-12 Fund, AXA Venture Partners and Acero Capital.
The raise was on a valuation north of $1 billion, giving Contrast Security unicorn status for the first time. Including the new funding, Contrast Security has raised $269 million to date.