Monarx, a company delivering its cybersecurity solution to web hosting providers, has closed a $6.1M funding round led by Signal Peak Ventures’ Managing Partner, Ben Dahl. Other participants in the round included Kickstart Fund, Pelion Venture Partners, and Crosscut Ventures. The funds raised will be used to further fuel partner growth.
With unique AI-powered technology that autonomously defends websites from assault or turns harmful activity into high-quality, focused, and prompt leads that generate income for hosters, Monarx claims to be the most efficient security option for 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 enables them to tailor the solution to their specific business model.
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Hostinger, Inmotion Hosting, Your.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 differentiated and disruptive business models, exceptional management teams, and large addressable markets.
Ben Dahl, who was an early lead investor in the cybersecurity company Cloudflare, expressed his excitement in Monarx’s “impressive” new technology. Dahl said, “We’ve seen how the right combination of tech and business model can open up huge new opportunities in cybersecurity, and we love how Monarx is doing that in web hosting.”
Monarx’s CEO, Jeremy Warren, expressed his gratitude for the investment, stating, “Thanks to Ben and all of Signal Peak for recognizing what we’ve built and choosing to join us as we continue on our mission to secure the world’s websites.”
Monarx already delivers its cybersecurity solution to web hosting providers such as Hostinger International, InMotion Hosting, and Axarnet (Your.Online). Hosting providers around the world would be enabled to save more time and money with Monarx and drive extra revenue by reselling active cyber protection to their customers.
