Monarx is a Salt Lake City, Utah-based provider of a security solution for web hosting providers. Led by CEO Jeremy Warren, the company offers automated protection that detects malicious activity, protects sites from attacks, and can monetize malware by selling automatic protection to site owners. Customers include Hostinger, InMotion Hosting, and Axarnet (Your.Online). The company raised $6.1M in a funding round. Monarx said it will use the funds to further accelerate partner growth. Monarx is a Salt Lake City, UT-based cybersecurity startup that prevents the execution of malicious scripts inserted into vulnerable websites. Its technology stops files often referred to as web shells or backdoors from creating command-and-control platforms inside servers. The product is designed to prevent attackers from gaining full server control, stealing data, hosting phishing pages, sending spam, participating in botnets, or mining cryptocurrency. Led by Matt Hoffman (CEO) and Brian Karney, the company intends to target the open source market with its first products. Monarx closed a $3.4M seed round and plans to use the funds to continue expanding operations. In conjunction with the financing, Pelion Partner Carl Ledbetter joined Monarx’s board.

Total raised

$10M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2023