FairWarning, a Clearwater company with software designed to catch people stealing data, received a $60 million growth equity investment from Mainsail Partners, a private equity firm in San Francisco.
The new funding is the largest private equity investment so far this year for a Tampa Bay company among the deals for which a value has been disclosed.
The capital will be used to scale and accelerate product innovation, a press release said.
Private equity firms increasingly are backing cybersecurity companies as cyber threats grow, according to a report in Financial Times.
FairWarning is well positioned to handle the entire lifecycle of privacy, from insider threats protection to investigation, compliance and reporting, Michael Anderson, a partner at Mainsail Partners, said in the press release.