Kenna Security raises $26 million in latest funding round

Risk intelligence and vulnerability detection company Kenna Security on Tuesday announced $26 million in its Series C funding round.

Kenna bills itself as a leader in predictive cyber risk, providing a platform that identifies threats in an organization’s networks. Their product identifies which threats pose the highest risk, allowing the customer to prioritize fixes.

The company says the Kenna Security Platform uses machine learning to predict the probability that a vulnerability will be exploited, based on visibility of the vulnerability in the wild.

“Kenna sees a world where teams work in collaboration to quickly and easily measure risk, prioritize remediation, and make a substantive difference in efficacy across the global attack surface and this investment is an endorsement of what we have achieved and our vision for the future,” said CEO Karim Toubba.

The funding round, led by Bessemer Venture Partners, brings Kenna’s total venture capital funding to $50 million since the San Francisco company was founded in 2009. Alex Ferrara, a partner at Bessmer, will also join Kenna’s board of directors.

“[W]e believe that Kenna is best situated to maintain its lead in the emerging vulnerability prioritization market,” Ferrera said. “Kenna’s risk-based approach offers customers a way to cut through the volumes of data and threat reports to get to actionable information.”

Bessemer has invested in other cybersecurity startups in the past that have gone to be acquired by the likes of Symantec, Google and FireEye, among others.

Kenna plans to use the new funding to “continue its strong growth and momentum, investing [sic] to attract new talent, expand its sales capabilities, and continuing to drive innovation,” the company said in its announcement.

The company saw its sales more than double in 2017 and the number of companies using its platform grew by more than 60 percent.