Kenna Security, a San Francisco-provider of predictive cyber risk, has closed a $25m Series C funding round.
Bessemer Venture Partners led the round, with participation from US Venture Partners, Costanoa Ventures, PeakSpan Capital, Hyde Park Angels and OurCrowd. The Kenna Security Platform enables organisations to work cross-functionally to determine and remediate cyber risks.
It includes predictive modelling technology that accurately predicts the future weaponisation and risk of newly discovered vulnerabilities the instant they arrive according the company. It also ignores them if warranted, however, most vulnerabilities won’t present a threat.
By leveraging Cyber Risk Context Technology, Kenna tracks and predicts real-world exploitations, which allows security teams to focus on ‘what matters most’.
The platform leverages 15-plus exploit intelligence feeds, a knowledge base of two billion-plus (and growing) managed vulnerabilities, global attack telemetry and predictive modelling. Kenna claim to provide the most informed and accurate risk prioritisation available.
As part of the funding, Alex Ferrara, partner at Bessemer Venture Partners, will join Kenna’s board of directors.
“Kenna is pioneering a new category of enterprise security to solve a pain point that is high on the priority list for CISOs, Security, and IT Ops teams, and we believe that Kenna is best situated to maintain its lead in the emerging vulnerability prioritisation market,” said Ferrara. “Kenna’s risk-based approach offers customers a way to cut through the volumes of data and threat reports to get to actionable information. We’re excited to invest and support Kenna as they transform the way that enterprises align around cyber risk.”
With offices in Menlo Park, Cambridge, New York, Bangalore, Herzliya and Sao Paulo, Bessemer Venture Partners (BVP) invests in early-stage, hyper-growth startups. With $4bn under management, BVP invests anywhere from $100,000 to $75m.
The firm has invested in more than 45 leading cyber security startups to date, including LifeLock (acquired by Symantec), Postini (acquired by Google), Tripwire (acquired by Belden), iSight (acquired by FireEye).
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