CyberArk launches $30m fund for cybersecurity startups

CyberArk, a US-based identity security firm, has launched CyberArk Ventures, a US$30 million global investment fund targeting cybersecurity companies.

CyberArk Ventures will partner with other VC firms such as Venrock, YL Ventures, Team8 Capital, and Merlin Ventures for its investments.

CyberArk office / Photo credit: Venturefizz

The new fund has completed its investments in three cybersecurity startups, namely Dig Security, Enso Security, and Zero Networks, all of which are based in Tel Aviv, Israel.

CyberArk founder and CEO Udi Mokady calls the first three investments the trifecta of data security, application security, and network security, referring to the focus of each company.

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Beyond funding, CyberArk Ventures will provide its portfolio companies with go-to-market support as well as access to its tech, research, and networking opportunities with prospective partners and customers. The fund will also offer guidance and feedback to improve product design.