Tenable Raises $250M in Series B

Tenable has successfully raised $250M in a Series B at a $4.25B valuation led by Accel Partners, Insight Partners.

Company Overview

Tenable is a Cybersecurity company headquartered in Columbia, MD, founded in 2002 with 1700+ employees.

Cyber exposure management

Fundraising Details

• Amount Raised: $250M
• Round Type: Series B
• Valuation: $4.25B
• Date: 2024-10-01
• Investors: Accel Partners, Insight Partners

About Tenable

Cyber exposure management The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Columbia, MD
• Founded: 2002
• Team Size: 1700+
• Industry: Cybersecurity

What This Means

This funding round demonstrates strong investor confidence in Tenable's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. Tenable's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $4.25B valuation marks an important milestone for Tenable, positioning the company among notable players in the Cybersecurity industry.

Looking Ahead

With this new capital, Tenable is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-10-01. For more information about Tenable, visit their headquarters at Columbia, MD.