CyberArk Ventures has made three initial investments in cybersecurity start-ups

Categories: Hi-Tech

Cybersecurity company CyberArk has set up a USD 30 million fund, CyberArk Ventures, for investment in cybersecurity startups. CyberArk Ventures has joined up with four strategic venture capital investors: Venrock, YL Ventures, Team8 Capital and Merlin Ventures.

CyberArk has a market cap of USD 4.3 billion. It provides cybersecurity solutions with an emphasis on identity security in an enterprise. It is in the process of changing its business model from license sales to subscription sales.

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