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Kenna Security Raises $15M in Series B

Dec 6, 2016

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Kenna Security announced today that is raised $15 million in a Series B, bringing the company’s total funding to $25 million.

This round was led by new investors PeakSpan Capital and OurCrowd. Existing investors U.S. Venture Partners, Costanoa Venture Capital, and Hyde Park Angels also participated in the round.

Kenna will use the funding to add new features to its platform as well as increase marketing and sales. The company also plans to make incremental investments in the application security space.

The Kenna platform collects data from its customers, which is uploaded to its cloud to exploit what hackers are doing in real-time. And then users are given a risk score, which is similar to something like a FICO score, says Karim Toubba, CEO of Kenna Security. The goal is to help companies prioritize security issues.

The risk score allows customers to understand how individual parts of their network are performing and can also be geographically broken down. For example, users can get a risk score to see how Linux workloads are performing versus Windows workloads, or how secure a company’s network is in Chicago versus San Francisco.

The platform will tell users what vulnerability needs to be prioritized. When something is found, the platform will automatically integrate fixes into the workflows and fire off tickets explaining exactly how to fix the issue, Toubba says.

“The reality is that you’re not going to fix every problem or vulnerability that is spotted, and we understand that, so we give you the capability to understand how to prioritize,” Toubba says. “We can quickly tell you all the problems that make up your risk score and how to set thresholds that are acceptable for an organization.”

Kenna has strategic partnerships with Dell spinoff SecureWorks and security reseller Guidepoint.

The 6-year-old company has enterprise customers across all sectors from mid-market to Fortune 500. Some of its customers include TransUnion, Starbucks, Hanes, and Hilton.

The company currently has slightly under 100 employees.

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