Finance

Bessemer-backed security startup Kenna just raised $48 million in a new funding round as cyber investments remain red hot

By Becky Peterson and Olivia Oran
Kenna security CEO karin toubba
Kenna Security CEO Karim Toubba. Kenna Security/YouTube
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The San Francisco-based cybersecurity company Kenna Security has raised $48 million in a Series D funding round, a source familiar with the matter said and the company confirmed. 

The round was led by Sorenson Capital and Citi Ventures and valued the company at more than $300 million, the source said. 

The latest raise brings Kenna's total funding to around $100 million. Previous investors include Bessemer Venture Partners and US Venture Partners. 

Cyber is a red-hot area for investment, and 2018 was a record year for venture-capital firms investing in the sector. Cyber companies raised over $5.3 billion last year, according to Strategic Cyber Ventures, up from 20% in the year prior. 

Read more: The founders of a billion-dollar Israeli spyware startup accused of helping Saudi Arabia attack dissidents are funding a web of new companies that hack into smart speakers, routers, and other devices

Founded in 2010, Kenna sells a threat-management platform that uses data to help security teams prioritize which areas of their organizations are at the highest risk of getting attacked. Clients include AT&T, CVS, Charter Communications, KPMG, and three of the 10 largest banks. 

Kenna is run by CEO Karim Toubba, a former Juniper Security executive who joined the startup in 2014.

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Becky Peterson
Becky Peterson was formerly a tech features correspondent focused on long-form profiles and investigations into the most interesting people and companies at the intersection of technology and finance.She's broken news on major tech stories including Palantir's work on Project Maven, Peter Thiel's $18 million estate in Miami (which was once featured on MTV's 'The Real World'), Jeffrey Epstein's tour of SpaceX, and Uber CEO Dara Khosrowshahi's insistence that employees take "the D."Previously, she covered enterprise tech and tech investment banking with a focus on M&A, IPO and venture capital deals in San Francisco. She graduated from New York University with a master's degree in media, culture and communication with an emphasis on technology and society. ExpertiseSilicon Valley, Venture Capital, Investment Banking, Jeffrey Epstein, Ghislaine MaxwellPopular articlesInside the turmoil at the Bill & Melinda Gates Foundation, where employees say divorce, Epstein, and vaccines have left some staffers polishing their résumésThe secret life of Ian Osborne, the shadowy 38-year-old cofounder of Chamath Palihapitiya's SPAC who has built the ultimate black book of billionairesSilicon Valley VCs are at war with the 'far left radicals' running CaliforniaInside the life of Ghislaine Maxwell's secret husband, a once-high-flying tech entrepreneur backed by Eric Schmidt who is now a central figure in one of the country's most high-profile legal casesRent the Runway CEO Jennifer Hyman, one of the most successful female founders, is fighting to save her companyJeffrey Epstein set Elon Musk's brother up with a girlfriend in effort to get close to the Tesla founder, sources sayA drunken late-night assault allegation has roiled the secretive world of Mark Zuckerberg's private family office. Personal aides are speaking out about claims that household staff endured sexual harassment and racism from their colleagues.
Olivia Oran
Olivia Oran was Executive Editor, Audience (Off-Platform) at Business Insider. She was in charge of increasing the reach and diversity of Business Insider's audience by making its journalism more discoverable. across social, search, and syndication. She worksedclosely with leaders across the newsroom, video, business development, SEO, analytics, and product teams to develop and implement data-driven strategies for packaging and distribution. That includes overseeing social, editorial partnerships, and content strategy for platforms including Facebook, Google, LinkedIn, Apple, MSN, and Yahoo, and Insider's video distribution strategy for YouTube, Facebook, Twitter, TikTok and Snapchat. She also worked closely with our business teams to develop external partnerships and execute growth strategies.Olivia was previously Head of Editorial Subscription Strategy where she was in charge of growth efforts in the newsroom for Insider's consumer subscription business.She also served as deputy executive editor, subscriptions, where she led teams of reporters and editors covering finance, real estate, investing, markets, healthcare, legal and energy.Prior to joining BI in April 2018, she spent six years at Reuters where she covered large Wall Street banks, as well as mergers and acquisitions and corporate governance among healthcare, consumer, and retail companies. She previously covered technology news at TheStreet and Mergermarket. Olivia began her career as an investment banker at JPMorgan working with technology and media companies. 
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