Kenna Security has raised a $48 million funding in a Series D funding round, the company confimed to Business Insider.
That round, led by Sorensen Capital and Citi Ventures, values the company at over $300 million, according to a source familiar with the matter.
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San Francisco-based cybersecurity company Kenna Security has raised $48 million in a Series D funding round, according to a source familiar with the matter and confirmed by the company.
The round is led by Sorensen Capital and Citi Ventures and values the company at more than $300 million, the source said.
The latest raise brings Kenna’s total funding to around $100 million. Previous investors include Bessemer Venture Partners and US Venture Partners.
Cyber is a red hot area for investment, with 2018 a record year for venture capital firms investing in the sector. Cyber companies raised over $5.3 billion last year, according to Strategic Cyber Ventures, up from 20% in the year prior.
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Founded in 2010, Kenna sells a threat management platform that uses data to help security teams priotize which areas of their organizations are at highest risk for getting attacked. Clients include AT&T, CVS, Charter Communications, KPMG and three of the world’s 10 largest banks.
Kenna is run by CEO Karim Toubba, a former Juniper Security executive who joined the startup in 2014.
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Source:: Business Insider