Monarx, a company that offers its cybersecurity solution to web hosting providers, has closed a $6.1 million funding round led by Signal Peak Ventures managing partner Ben Dahl. Other participants in the round included the Kickstart Fund, Pelion Venture Partners, and Crosscut Ventures. Funds raised will be used to further fuel member growth.
With unique AI-powered technology that autonomously defends websites from attacks or converts harmful activity into fast, focused, high-quality leads that generate revenue for hosters, Monarx claims to be the most efficient security option for hosters. web hosting.
The company’s unique approach would allow web hosting providers to choose whether to automatically protect against attacks on websites or monetize malware by detecting malicious activity and selling automatic protection to site owners. This flexibility allows them to tailor the solution to their specific business model.
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Hostinger, Inmotion Hosting, Tu.Online
Signal Peak Ventures is a private equity and venture capital firm with over $500 million of committed capital under management. The firm focuses on making equity investments in early-stage technology companies in emerging markets. Signal Peak typically targets companies with disruptive and differentiated business models, exceptional management teams, and large accessible markets.
Ben Dahl, who was an early lead investor in cybersecurity firm Cloudflare, expressed his excitement about Monarx’s “impressive” new technology. Dahl said: “We’ve seen how the right combination of technology and business model can open up huge new opportunities in cybersecurity, and we love how Monarx is doing it in web hosting.”
Monarx CEO Jeremy Warren expressed his gratitude for the investment, saying, “Thank you to Ben and everyone at Signal Peak for recognizing what we’ve built and choosing to join us as we continue our mission to protect the world’s websites.”
Monarx already offers its cybersecurity solution to web hosting providers such as Hostinger International, InMotion Hosting and Axarnet (Your.Online). Hosting providers around the world could save more time and money with Monarx and generate additional revenue by reselling active cyber protection to their customers.