AppOmni Closes $70 Million In Series C Funding

By Annie Baker ● Jun 6, 2022
  • AppOmni recently announced it raised $70 million in Series C funding. These are the details.

AppOmni – a leading provider of SaaS security – recently announced that it has raised $70 million in a Series C funding round to advance product development, fuel international growth, and scale go-to-market processes. This investment was led by Thoma Bravo, a leading software investment firm, with participation from existing investors, including Scale Venture Partners, Salesforce Ventures, ClearSky, and Costanoa Ventures. With this funding round, AppOmni has raised $123 million in total funding to date.

AppOmni protects over 78 million users across a broad range of SaaS platforms and has secured over 230 million exposed data records. ANd AppOmni’s SaaS security management software provides cost savings by speeding up development processes and enabling security and IT teams to secure more of their tech stacks with fewer resources.

Thoma Bravo approaches each investment with a goal of helping management teams identify and drive incremental growth opportunities, as well as improve processes, to enable best-in-class operational and financial performance. Thoma Bravo has been focused on working with high growth market leaders since the firm first began investing in software in 2003. Thoma Bravo partner Robert (Tre) Sayle will join the AppOmni Board of Directors.

AppOmni delivers centralized visibility, unmatched data access management, and security controls that integrate seamlessly into any SaaS environment. And the covered apps include Box, Confluence, Fastly, GitHub, Google Workspace, Jira, Microsoft 365, Salesforce, ServiceNow, Slack, Workday, Zoom, and many more. The AppOmni Developer Platform enables security coverage for any SaaS application, whether purchased from a vendor or built in-house.

KEY QUOTES:

“The high-profile SaaS breaches we’ve seen in recent months highlight the urgency CISOs are facing. Customers and prospects across industries tell us the same thing: security teams need better visibility into their SaaS environments and automated tools to adequately secure their quickly growing SaaS ecosystems. I founded AppOmni to deliver the security solution that I wish I had while leading security teams at Salesforce and ServiceNow. I am excited to partner with Thoma Bravo and our existing investors to further enhance and scale our solutions so we can help more organizations across the globe to secure their entire SaaS environments.”

— Brendan O’Connor, CEO and co-founder at AppOmni

“The digitization of businesses across all sectors has accelerated the need for reliable data protection and control, and AppOmni’s security solutions are unmatched in the industry. We have been impressed by AppOmni’s rapid scaling, high levels of customer satisfaction, and continued product innovation, and we’re thrilled to partner with Brendan and his team as they capitalize on the sizable market opportunity ahead.”

— Robert (Tre) Sayle, a partner at Thoma Bravo