CyberArk seeks security startups for $30m fund

Security software vendor CyberArk has unveiled a $30 million global investment fund, and has announced the first three startups to receive cash.

CyberArk Ventures is partnering with investors Venrock, YL Ventures, Team8 Capital and Merlin Ventures in the initiative.

The first three security firms to receive initial investments are Dig Security, which provides real-time threat detection for data hosted in public clouds; Enso Security, which offers application security posture management; and Zero Networks, a provider of identity-based network micro-segmentation that helps to stem and mitigate attacks.

“We’re seeking innovative security startups that are solving difficult problems for their customers,” said Udi Mokady, chief executive of CyberArk. “CyberArk Ventures is a natural evolution of our business strategy, supporting the next wave of cybersecurity innovators and nurturing an expanded ecosystem of trailblazers.”

In addition to funding, CyberArk Ventures provides portfolio companies with go-to-market support, access to CyberArk technology and labs research, and networking opportunities with prospective partners and customers.

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