Palo Alto Networks announces $20 mn security venture fund

Palo Alto Networks for securitySecurity company Palo Alto Networks announced $20 million security venture fund to provide early stage capital investments to fuel development of security applications for the company’s next-generation security platform.

Palo Alto Networks’ security venture fund will make investment in seed-, early- and growth-stage security companies with a cloud-based application approach.

The security venture fund will assist such innovative tech companies to accelerate their routes to market for their respective technology by developing cloud-based applications built upon the Palo Alto Networks platform and the new Palo Alto Networks Application Framework.

The venture fund will work with Greylock Partners and Sequoia Capital to identify and evaluate innovative security applications for potential co-investment.

The venture fund will enable entrepreneurs and security vendors to focus on developing high-value functionality for customers, instead of developing the infrastructure and data stores to effectively deliver their applications and establish a foothold in the market.

New security applications for the Palo Alto Networks platform will help organizations to more easily access, evaluate, and adopt new advanced security capabilities and activate cloud-delivered security applications from different providers as their security needs change.

“This new fund represents an essential part of our mission to 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,” said Chad Kinzelberg, senior vice president, Business and Corporate Development, Palo Alto Networks.

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