Security Market Segment LS
Monday, 08 August 2022 11:40

KnowBe4 forms investment arm KnowBe4 Ventures

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Security awareness specialist KnowBe4 has formed KnowBe4 Ventures to co-invest in security startups to strengthen and support cybersecurity initiatives.

KnowBe4 has partnered with cybersecurity venture funds Elephant and Ten Eleven Ventures to beef cybersecurity measures.

According to Verizon’s 2022 Data Breach Investigations Report (DBIR), 82% of breaches involved a human element, yet less than 3% of cybersecurity budgets are spent in this area.

KnowBe4 Ventures sees this gap as an opportunity to invest in companies that strengthen and support the human layer of cybersecurity.

“Cyberattacks continue to plague organisations in every industry,” said KnowBe4 CEO Stu Sjouwerman. “The majority of these attacks target the human, so it is important to support founders taking on the challenge of improving security culture and accelerating the importance of securing the human layer.”

KnowBe4 Ventures will focus on early-stage investments. It will invest on the following companies that:

  • Address the human layer of cybersecurity or have an integration case with KnowBe4’s products
  • Are actively raising and have a lead investor identified
  • Have a product in the market and initial customer traction
  • Have a compelling financial strategy, unit economics, and long-term growth potential.

KnowBe4 Ventures’ portfolio includes Adlumin, Lumu Technologies, and EasyDMARC.

 

 

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Kenn Anthony Mendoza

Kenn Anthony Mendoza is the newest member of the iTWire team. Kenn is also a contributing writer for South China Morning Post Style, and has written stories on Korean entertainment, Asian and European royalty, Millionaires and Billionaires, and LGBTQIA+ issues. He has been published in Philippine newspapers, magazines, and online sites: Tatler PhilippinesManila BulletinCNN Philippines LifePhilippine StarManila Times, and The Daily Tribune. Kenn now covers all aspects of technology news for iTWire.com.

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