This latest investment by Insight and Accel in Tenable indicates that the venture community believes that auditing and vulnerability assessment companies are as deserving of funding as the cybersecurity companies that protect the enterprise.
Venture capitalists have declared there is no cybersecurity bubble despite some epic investments in industry start-ups this year, peaking with a huge $250 million round raised by Tenable. It’s believed to be a record round for a cybersecurity firm. The 13-year-old auditing and vulnerability assessment company, covering what it calls “cyber hygiene”, announced the funding today, a Series B round led by Insight Venture Partners and Accel. Some in the community believed this was another harbinger of an overvalued industry, one where vast numbers of companies are raising big bucks even if their technology was unproven.