U.S.-based cybersecurity company Venafi has launched a new $12.5 million fund, Machine Identity Protection Development Fund.
With the capital raised, Venafi will enhance its cert-management automation framework for production workloads with Transport Layer Security machine identities that are delivered and secured by its platform.
The new fund will invest in a range of developers, including consultants, systems integrators, fast-moving startups, open-source developers and other cybersecurity vendors.
Additionally, the fund will support future-proof machine identity protection, enabling a continuous pipeline of new machine identity solutions that will reduce risks.