News Briefs

Web hosting security firm Monarx grabs $6.1m

Signal Peak Ventures led the round with participation from Pelion Venture Partners, Kickstart Fund and Crosscut Ventures.

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  • Monarx will use the money to help it further fuel partner growth
  • Based in Salt Lake City, Signal Peak Ventures invests in early-stage tech companies

Salt Lake City-based Monarx, a provider of security solutions for web hosting, has raised $6.1 million in funding.

Signal Peak Ventures led the round with participation from Pelion Venture Partners, Kickstart Fund and Crosscut Ventures.

Monarx will use the money to help it further fuel partner growth.

“Monarx has created impressive new technology that actually protects websites effectively, while other tools don’t,” said Signal Peak Managing Director Ben Dahl, in a statement. “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.”

Based in Salt Lake City, Signal Peak Ventures invests in early-stage tech companies.