Caisse investing in cyber security company

The Caisse de dépôt et placement du Québec is co-leading a $55 million series D financing round for Onapsis, an application cyber security and compliance company.

The investment raised through the fundraising round, which is being co-led by NightDragon Security with strong participation from existing investors, will be used to significantly scale the company through expansion into the ‘software as a service’ applications market, according to a press release.

“As a long-term investor, we’re pleased with the quality of the company’s partnerships with leading business software providers and its recognition as an organization at the forefront of cyber threat detection and remediation.” said Alexandre Synnett, executive vice-president and chief technology officer at the Caisse, in the release. “We look forward to supporting the new growth initiatives put forward by the Onapsis management team and contributing, through this investment, to improving global cyber security.”