This flexibility allows them to fit the solution to their exact business model and replace less effective alternatives.

Monarx's easiest-to-deploy solution enables hosting providers the choice to automatically protect against attacks on websites and/or monetize malware by detecting malicious activity and selling automatic protection to site owners. '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.' ' Monarx has created impressive new technology that actually protects websites effectively, while other tools don't,' said Signal Peak Managing Director Ben Dahl. Monarx will use the money to help it further fuel partner growth. Pelion, who led Monarx's initial funding round, was the original lead investor in the cybersecurity company Cloudflare.

Signal Peak Ventures led the $6.1M funding round, with Pelion Venture Partners, Kickstart Fund, and Crosscut Ventures also participating.

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