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CyberArk Ventures launches with US$30 million fund to fuel innovative cybersecurity technologies

CyberArk Ventures launches with US$30 million fund to fuel innovative cybersecurity technologies

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CyberArk, a global leader in identity security, has announced the launch of CyberArk Ventures – a US$30 million global investment fund designed to empower the next generation of disruptors by solving complex security challenges with innovative technology. CyberArk has initially aligned with four Venture Capital investors: Venrock, YL Ventures, Team8 Capital and Merlin Ventures. 

CyberArk Ventures has also announced that it has completed initial investments in three cybersecurity start-ups: Dig Security, which provides real-time threat detection solutions for data assets hosted in public cloud; Enso Security: Application Security Posture Management and Zero Networks, a leading provider of identity-based microsegmentation.

As the complexity of enterprise IT environments expands and the threat of cyberattacks increase, the focus on protecting endpoints, networks, applications and data – wherever they reside – from unauthorised and/or unintended access has become more important than ever. 

β€œWe’re seeking innovative security start-ups that are solving difficult problems for their customers,” said Udi Mokady, Founder, Chairman and CEO, CyberArk. β€œOur first three investments are the trifecta – network security, application security and data security. CyberArk Ventures is a natural evolution of our business strategy – giving CyberArk an exciting opportunity to support the next wave of cybersecurity innovators and nurture an expanded ecosystem of trailblazers.”

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