Tenable Launches $25 Million Early-Stage Venture Fund

Vulnerability management software firm Tenable has launched a $25 million venture fund to place bets on early-stage startups in the attack surface and exposure management space.

The new Tenable Ventures plans to make seed- and early-stage investments in companies building technology to help businesses discover, assess and manage security risk.

The Columbia, Maryland-based Tenable said the fund will work with startups in highly-competitive cybersecurity markets such as Israel and the U.S., to help with the development and go-to-market strategies for exposure management solutions. 

The venture fund also plans to work with startups to improve product design, create consistent and shareable data models, enterprise readiness and more.

“[We] will invest in companies tackling significant problems that require new and innovative approaches, data sets and platforms,” Tenable said in a note announcing the fund.

The company said it will look for companies that focus on a preventive approach to security using emerging technologies in cloud security, identity management, external attack surface management, operational technology and vulnerability management. 

Such technologies would expand the exposure management ecosystem and could be considered for integration into the Tenable One Exposure Management platform, the company said.

Tenable Ventures has already made investments in three companies — software supply chain security play Lineaje, identity threat detection and response firm Authomize and API security startup Araali Networks.

Tenable has itself been active on the acquisition front, shelling out $45 million in 2022 to purchase attack surface management startup Bit Discovery.  Prior to that, Tenable also acquired Accurics and Indegy for a combined $238 million.

Related: Tenable Shells Out $45 Million to Acquire Bit Discovery

Related: Tenable to Acquire Accurics in $160M Deal

Related: Tenable Acquires OT Security Firm Indegy for $78 Million

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