Salt Lake City-based
Venafi, which develops cybersecurity software to protect the identity of machines on networks, has raised $100M in a funding round, the company said this morning. The funding was led by TCV, and also included existing investors QuestMark Partners and NextEquity Partners. As part of the deal, Jake Reynolds, the General Partner of TCV, has joined Venafis baord of directors. Venafi said the funding will go towards accelerating growth, as well as a new "Machine Identity Protection Development Fund", a new $12.5M fund which will be made available to third-party developers. Jeff Hudson is the CEO of Venafi.
posted on Thursday, November 29, 2018 (Link to more information)
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