Tenable, the exposure management company announced Tenable Ventures, a corporate investment program. Tenable Ventures will focus globally on early-stage start-ups developing novel capabilities that can help customers discover, assess and manage cybersecurity risk across their attack surfaces to better prevent successful attacks.
With initial plans to invest up to $25 million, Tenable Ventures will provide early-stage financing to start-ups in cybersecurity markets such as Israel and the US, to help with the development and go-to-market strategies for exposure management solutions.
The venture will also work with start-ups to improve product design, create consistent and shareable data models, enterprise readiness and more.
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Tenable, which focuses on providing customers with exposure management solutions that help customers translate technical asset, vulnerability and threat data into business insights and actionable intelligence, will invest in companies tackling significant problems that require new and innovative approaches, data sets and platforms.
It expects to invest in companies that focus on a preventive approach to security using emerging technologies in cloud security, identity management, external attack surface management, operational technology and vulnerability management. Such technologies would expand the exposure management ecosystem and could reportedly be considered for integration into the Tenable One Exposure Management platform.
“Tenable Ventures represents Tenable’s ongoing investment in and commitment to sponsoring the next generation of innovative cybersecurity capabilities and the teams behind them,” said Amit Yoran, chairman and chief executive officer (CEO) of Tenable.
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“The goal of this initiative is to support innovative companies and visionary leaders driving the exposure management ecosystem,” added Matthew Olton, senior vice president (SVP) of strategy and corporate development at Tenable.
To date, Tenable Ventures has invested in companies including Lineaje which solves critical software supply chain security problems faced by every organisation that builds, uses or sells software, Authomize, the identity threat detection and response (ITDR) platform that detects and eliminates identity-based risks across cloud and IAM and more
Tenable claims that approximately 40,000 organizations around the globe rely on it to understand and reduce cyber risk. As the creator of Nessus®, its customers include approximately 60 per cent of the Fortune 500, approximately 40 per cent of the Global 2000, and large government agencies.
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