Security is our north star at CyberArk. It guides every step we take as a company, from pioneering the Privileged Access Management space to delivering on our Identity Security vision today. Our continued focus on security-first innovation is why more than 7,000 organizations around the globe entrust CyberArk to secure their most critical assets.
During the past several years, the digital world has become a much larger, more interconnected and increasingly vulnerable place. Advancements in cloud, DevOps, machine learning and automation are driving transformation and economic progress. They have also created new threats and expanded the attack surface, creating more opportunities for cyber attackers seeking to take down organizations, cripple supply chains and critical infrastructure and unleash chaos. As a result, cyber threats are among the greatest challenges facing organizations today.
It is important to emphasize that the security problems the public and private sectors are all grappling with are vast and complex. No one company can do it all. Now, more than ever, security is a team game.
That’s why we’re proud to launch CyberArk Ventures today. We’ve initially aligned with four venture capital investors including Venrock, YL Ventures, Team8 Capital and Merlin Ventures, bringing the next generation of cybersecurity innovators to the race against identity-related threats and strengthening cyber resilience from every angle.
In setting our strategy and embarking on this journey, we’ve been inspired by talented entrepreneurial teams around the world that demonstrate the ingenuity, technical acumen and commitment needed to reduce systemic cybersecurity risk. Our goal with CyberArk Ventures is to foster and accelerate this innovation by providing financial backing and access to go-to-market support.
CyberArk has devoted $30 million to the CyberArk Ventures fund, which is actively deploying capital. Initial fund recipients represent a powerful trifecta of network security, application security and data security that complements our Identity Security vision and security-first approach to securing all identities — human and machine — wherever they exist. Our “team” needs players of all kinds across multiple cybersecurity dimensions. If you’re part of an early-stage company that’s serious about security, is taking a novel approach to solving a big business challenge and is pushing past boundaries to unlock greater value and results for customers, we want to hear from you.
We are excited about the future of CyberArk Ventures and believe it can serve as a force multiplier for good. With an experienced leadership team here at CyberArk, a world-class collection of initial investors and the next-generation of cybersecurity disrupters all united by a shared mission and purpose — just imagine the possibilities!
For more information on CyberArk Ventures, check out the infographic below.