CyberArk, a leader in privileged access management and identity protection, has announced its alliance with strategic venture capital funds for the creation of an investment fund to promote innovative projects that provide solutions to the most difficult issues in the cybersecurity sector.
This fund called CyberArk Ventures has aligned with 4 venture capital investors such as Venrock, YL Ventures, Team8 Capital, and Merlin Ventures allocating 30 million dollars. This fund will enable the next generation to strengthen the cybersecurity industry from all angles.
The digital world is an increasingly large and interconnected place. But at the same time, it is a place with greater vulnerability, so it is very important to provide real-time detection solutions that allow companies to strengthen their assets against any cyber-attack of which they may be victims, thus protecting millions of their own and their customer’s data.
The CyberArk Ventures investment fund has 30 million dollars that will be actively invested in 3 fundamental pillars such as network security, application security, and data security since the main objective is to protect human and machine identities in all dimensions of cybersecurity.
Today, human talent in the cybersecurity sector is in deficit compared to the demand. So, these types of initiatives seek to promote and encourage innovation in projects and early-stage companies that can solve major challenges that the industry faces daily.
