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

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Bessemer-backed security startup Kenna just raised $48 million in a new funding round as cyber investments remain red hot
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That round, led by Sorensen Capital and Citi Ventures, values the company over $300 million, according to a source familiar with the matter.

Kenna Security has raised a $48 million funding in a Series D funding round, the company confimed to Business Insider.

The round is led by Sorensen Capital and Citi Ventures and values the company at more than $300 million, the source said. Cyber is a red hot area for investment, with 2018 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.

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