US-based cybersecurity software provider Venafi has unveiled the first three investments out of its $12.5m Machine Identity Protection Development Fund.
The fund will invest in a range of stakeholders within the cybersecurity space, including startups, open-source developers, cybersecurity vendors, consultants and systems integrators. It has not revealed how much it supplied for each company.
The fund was announced last month alongside a $100m round for Venafi. The first $12.5m tranche of the fund provides developers with direct sponsorship from Venafi to help accelerate the delivery of protection for all machine identities.
The companies are UK-based Jetstack, which helps organisations move towards cloud native IT infrastructure; OpenCredo, a UK-based software consultancy focused on machine learning, cloud and applications; and US-based cryptographic technology provider Cygnacom.
