“Many early stage security startups have excellent ideas, but struggle to reach customers. By tapping into this fund and application framework, companies can get their technologies to market faster and into the hands of Palo Alto Networks customers,” said Jim Goetz, Partner, Sequoia Capital.According to Chad Kinzelberg, Senior Vice President, Business and Corporate Development, Palo Alto Networks, this new fund will help organizations prevent cyber breaches by inspiring and accelerating a groundswell of security innovation in a model that can be easily accessed and deployed by customer organizations.
Cybersecurity company Palo Alto Networks has announced it is forming a $20 million security venture fund to provide early stage capital investments for development of innovative security applications for its Next-Generation Security Platform. The fund will be aimed at seed, early and growth-stage security companies with a cloud-based application approach. Palo Alto explains that the participating companies can accelerate their routes to market for their respective technology by developing cloud-based applications built on their platform and Application Framework. The fund expects to collaborate with Greylock Partners and Sequoia Capital to identify and evaluate innovative security applications for potential co-investment.
Subscribe to our newsletter
Get the latest posts delivered right to your inbox.