San Francisco-based vulnerability management solutions provider Kenna Security on Monday announced that it has raised $48 million in a Series D funding round, which brings the total raised by the company to $98 million.
New investors Sorenson Capital and Citi Ventures, along with existing investors Bessemer Venture Partners, U.S. Venture Partners, Costanoa Ventures, Hyde Park Angels and OurCrowd took part in the latest funding round.
“This round of funding demonstrates significant confidence in Kenna’s continued growth potential as the global market for risk-based vulnerability management expands,” said Karim Toubba, CEO of Kenna.
He added, “Kenna will continue to accelerate its international expansion and drive further innovation that helps companies better manage their overwhelming cybersecurity challenges through data science.”
Kenna provides a risk-based vulnerability management platform designed to help organizations identify and address cyber risks. The platform determines which vulnerabilities pose the highest risk so that security teams don’t waste valuable time on weaknesses that are unlikely to be exploited.
The company claims its solutions are used by many Fortune 100 companies and that its revenue has increased by over 1000 percent over the past three years.
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Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
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