Versa raises $120M for its software-defined networking and security stack

Networking and cybersecurity firm Versa today announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. CEO Kelly Ahuja tells TechCrunch that the proceeds, which bring Versa’s total capital raised to $316 million, will be put toward go-to-market efforts and scaling the company. He demurred when asked what percentage of the financing was equity versus debt.
Versa’s large round suggests that, despite the market downturn, VCs haven’t lost faith in cybersecurity vendors yet. According to data from PitchBook, v

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