Thursday, November 29, 2018

Venafi Finds $100M For Cybersecurity Software From TCV

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. More information »