Skybox Security Hires New CEO, Nabs $50 Million in New Financing

Skybox Security’s Mo Rosen

Skybox Security has appointed a new CEO, Mordecai (Mo) Rosen, previously Digital Guardian’s CEO, and has closed $50 million in new financing.

The new financing is from CVC Growth Funds, Pantheon and J.P. Morgan. Before joining Skybox Security as CEO, Rosen was Digital Guardian‘s CEO for nearly three years. There, he significantly grew recurring revenue while simultaneously leading the organization to profitability.

Before Digital Guardian, he held top leadership roles with CA Technologies.

A seasoned security technology executive with over 25 years of experience, Rosen said his appointment as CEO of Skybox Security marks the next stage of growth and success.

“It’s a new chapter for an established and highly respected brand in the vulnerability management and security policy management space,” he said.

Skybox Security will continue meeting the market need for technology that addresses organizations’ cybersecurity pain points, Rosen said.

Rosen’s Goals as CEO

Rosen plans to continue Skybox Security’s growth in the vulnerability management and security policy management markets on a global scale. He also plans to accelerate the adoption of its SaaS offering.

In addition, he plans to bring the organization to profitability by the end of 2023.

Because the new funding will fuel the Skybox Security platform’s growth, partners will continue to realize the benefits of a “constantly evolving platform that’s built to be agile and adaptable,” Rosen said.

“Through Skybox, partners get a proactive cybersecurity platform that continuously tests attack feasibility, exposure, remediation options and compliance across hybrid environments,” he said. “Skybox equips our partners with the hybrid network modeling, path analysis and automation they need to slash the risk of a significant data breach by more than half.”

Security Policy Management Benefits Organizations

Security policy management can save companies millions of dollars annually, Rosen said. In addition, it can prevent damage to reputation, customer trust, company morale, market standing and competitiveness.

“By improving efficiencies and reducing workloads, automated risk-based solutions like Skybox’s can help you trim costs while accomplishing more, boosting productivity in times of tight resources and economic instability,” he said. “With this funding, Skybox will continue to develop and grow the security policy management platform that our channel partners benefit from, allowing enterprises to
implement industry-leading solutions that strengthen their security configurations, reduce business risk and eliminate exposure to cybersecurity threats.”

Jason Glass is partner at CVC Growth Funds.

“Skybox is the cornerstone of the security infrastructure of hundreds of the largest enterprises around the globe,” he said. “With its new SaaS platform, Skybox Cloud, the company is well positioned for significant market growth. Mo brings a wealth of knowledge and a track record of success in leading cybersecurity and SaaS companies. And we have every confidence that he will lead Skybox to its next level of long-term growth and profitability.”