CyberArk Ventures News
2 articles
growth-positive
CyberArk launches corporate VC fund
CyberArk Ventures, a $30 million fund, has made three initial investments in cybersecurity startups. The investments include Dig Security, Enso Security, and Zero Networks. CyberArk is transitioning from license sales to subscription sales. In its first quarter financials, the company reported revenue below analysts estimates but a smaller loss than forecast. Revenue from subscribers grew 110% in the quarter. CyberArk expects revenue of $135-141 million for the second quarter and revenue of $583.5-598.5 million for the year. The article was published on May 12, 2022.
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growth-positive
CyberArk Debuts $30M Venture Fund to Back Talented Startups
CyberArk has launched a $30 million investment fund called CyberArk Ventures to support early-stage startups in the cybersecurity industry. The fund aims to provide visibility into adjacent markets and offer high-value integrations to CyberArk. It will focus on companies solving emerging problems in unique ways with talented teams. CyberArk Ventures has already made investments in Dig Security, Enso Security, and Zero Networks. The fund will not invest in CyberArks core strengths in privileged access management or identity security. Instead, it will support companies addressing emerging use cases. CyberArk has partnered with venture capital firms such as Venrock, YL Ventures, Team8 Capital, and Merlin Ventures for its investments. The company plans to provide market coverage, integrations, mentorship, and guidance to the startups it supports.
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